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Los Pinos De Carahue Group
In this Group: Sandra, Miguelina, Vianca, Yohaniny, Blanca, Lilian, Verónica, Nicol, Rosa, Mirella, Natalia, Ruth, Pablo, Celmira, Verónica, Corina
The communal bank “Los Pinos de Carahue” is composed of 16 members from the community of Carahue, near the city of Temuco (in the Ninth Region, in southern Chile). They dedicate themselves to sewing businesses, clothing sales, the sale of cheese, toasted wheat, dried wheat, breads, vegetables, dessert-making, and artisan wood products.
Ruth is the group´s secretary and in the picture she is in the first row second in from the left. She sells sweets and used clothing from a roofless dismountable stand in the center of the village, and she has been in this business for approximately three years.
With this loan, Ruth will purchase sweets and clothing to sell. Her dream is to have her own home, she is currently saving, and she is close to reching her goal. She also wants to grow her business, to have an enclosed post to sell from, which is enclosed from rain, cold, and sun.
Ruth has two children, a son who is 14 and a daughter who is 18 and recently had a baby, making ruth a grandmother.
Ruth has enjoyed working with Fondo Esperanza because her business has given her the support to cover the expenses of her children and herself.
Carahue is located 56 kilometers south of Temuco. Its name comes from a Mapudungun (the language of the indigenous Mapuche population) word meaning “place of the village”. There are 25,696 inhabitants in Carahue, over 60% of them living in rural areas. There is a large Mapuche population in Carahue, and their culture greatly defines the identity of the community.
View original language description ↓
The communal bank “Los Pinos de Carahue” is composed of 16 members from the community of Carahue, near the city of Temuco (in the Ninth Region, in southern Chile). They dedicate themselves to sewing businesses, clothing sales, the sale of cheese, toasted wheat, dried wheat, breads, vegetables, dessert-making, and artisan wood products.
Ruth is the group´s secretary and in the picture she is in the first row second in from the left. She sells sweets and used clothing from a roofless dismountable stand in the center of the village, and she has been in this business for approximately three years.
With this loan, Ruth will purchase sweets and clothing to sell. Her dream is to have her own home, she is currently saving, and she is close to reching her goal. She also wants to grow her business, to have an enclosed post to sell from, which is enclosed from rain, cold, and sun.
Ruth has two children, a son who is 14 and a daughter who is 18 and recently had a baby, making ruth a grandmother.
Ruth has enjoyed working with Fondo Esperanza because her business has given her the support to cover the expenses of her children and herself.
Carahue is located 56 kilometers south of Temuco. Its name comes from a Mapudungun (the language of the indigenous Mapuche population) word meaning “place of the village”. There are 25,696 inhabitants in Carahue, over 60% of them living in rural areas. There is a large Mapuche population in Carahue, and their culture greatly defines the identity of the community.

Additional Information

About Fondo Esperanza

Fondo Esperanza (FE) is a private non-profit organization that supports entrepreneurship by providing micro-credit and training to people living in poverty in well over 100 cities throughout Chile. By providing these services, FE aims to improve the living conditions of the entrepreneurs and their families. In 2010, FE provided loans to more than 41,000 entrepreneurs. It utilizes a communal banking model in which groups of 18 to 25 clients meet on regularly and guarantee each other’s loans. The members use their portion of the loan to create or expand their own businesses. In the group meetings, clients receive training though the FE Entrepreneurship School, which enhances clients’ personal and business skills and ability to work in groups.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Chile

  • $14,900
    Average annual income
  • 0
    View loans »
    Chile Loans Fundraising
  • $2,587,775
    Funds lent in using Kiva
  • 530.0
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Los Pinos De Carahue Group's $3,150 loan helped a member used clothing and sweets.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 8, 2010
Listed
Jul 22, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2010