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Querer Es Poder Group
In this Group: Pamenia , Carol, Cecilia, Mary, Carmen, Marina, Elena, María , Francisca , Teresa, María Isabel , Rosa, Juana, Carla , Constanza, Carmen , Gladys
The Communal Bank “Querer de Poder” is comprised of 17 members from the city of Rancagua.

Palmenia is the group president. In the photograph, she is seated on the third row to the left wearing a white jacket with red and black bands. She operates a parcel shipping center and bookstore out of her home. In addition, she sells fast food next to her house which she is renting. Her 15 year old son and her husband, when he comes home from work, help manage her businesses. Palmenia has three more children, 9 year old twins and a 4 year old daughter. She and her husband began these businesses two years ago when her husband began losing vision in one eye, which is essential for his job as a systems analyst. He then quit his job and both of them decided to start these business with financial assistance from her father-in-law. Fortunately, her husband later returned to his job but she continued to manage both businesses. With this loan, Palmenia will by merchandise for her businesses.

Her dream is to buy the house that she is renting and expand it so that she can develop her businesses. She is very happy with the support she has received from Fondo Esperanza and her Communal Bank. Palmenia has learned from the experiences of her fellow group members.

Rancagua is part of the Libertador Bernardo O’Higgins region. This modern city is one of the main producers and exporters of fruits and wine in Chile. It is also a mining city because it is the home of “El Teniente”, one of the largest underground mines in the world with 4500km of tunnels.

View original language description ↓
El banco comunal “Querer es Poder” es conformado por 17 socias pertenecientes a la ciudad de Rancagua.
Palmenia es la presidenta de este grupo, en la foto se encuentra a la izquierda, en 3º fila y viste un suéter blanco con figuras color negro y rojo. Ella tiene en su casa una paquetería y librería y además vende comida rápida para llevar en la casa de al lado, la cual arrienda. Su hijo de 15 años y su marido, cuando llega del trabajo, le ayudan a atender los negocios. También tiene 3 hijos más, unos mellizos de 9 años y una pequeña de 4 años. Palmenia y su marido empezaron estos negocios hace 2 años, cuando su marido empeoró la visión de un ojo, lo cual era fundamental para el trabajo que realizaba como analista de sistemas. Fue entonces que tuvo que dejar su trabajo y ambos decidieron iniciar estos negocios con ayuda económica de su suegro. Sin embargo, afortunadamente su marido pudo retomar su trabajo después, pero ella siguió con ambos negocios.
Con este préstamo Palmenia comprará mercadería para sus negocios.
Su sueño es comprar la casa que arrienda y ampliarse para desarrollar sus actividades..
Esta muy contenta por el apoyo que recibe de Fondo Esperanza y de su grupo de trabajo del cual ha aprendido mediante las experiencias de sus compañeras.

Rancagua pertenece a la región del Libertador Bernardo O’higgins. Es una moderna ciudad que regula el principal proceso productivo y exportador agrofrutícola y vitivinícola de Chile. Es también una ciudad minera, debido a que en su cordillera se encuentra la mina subterránea más grande del mundo “El Teniente”, con 4.500 Km. de túneles.

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

  • $19,100
    Average annual income
  • 0
    View loans »
    Chile Loans Fundraising
  • $2,637,700
    Funds lent in using Kiva
  • 519.2
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Querer Es Poder Group's $4,600 loan helped a member purchase merchandise for a bookstore & parcel shipping business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jul 26, 2010
Aug 1, 2010
Currency Exchange Loss:
Dec 15, 2010