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Con Esfuerzo Se Crece Group
In this Group: Paola , Rafael , Elba, Jeanette, Blanca, Gisela , Mauricio, Katherine, Rosa, Rose Mary, Paola , Joselyn , Virginia, Nimia, Maritza, Camila, Carolina, Eduardo
The communal bank "Con Esfuerzo se Crece” (With Effort there is Growth) consists of 15 associates from the city of Viña del Mar. These individuals dedicate themselves primarily to the production and sales of salads, vegetables, bread, empanadas, perishable and non-perishable items, clothing items, and requested orders.

Paola, photographed in the first row, third from left, wearing a plaid black and green jacket, is the treasurer of the group. For the past six years she has sold clothing for men, women, and children from her house. A week before the end of each month, Paula travels to Santiago to purchase merchandise. She will use the loan to purchase clothing and intends to save her earnings to eventually purchase land and build a house. Paola dreams of one day having her own house and adjacent to it a clothing store. Her motivation is to ensure the education of her children, a 15-year-old son and an 8-year-old daughter.

Paola enjoys working with Fondo Esperanza, as she has established a good relationship with her loan officer and fellow borrowers.

Viña del Mar is a city and community located in the central coastal region of Chile, known as the "Garden City" because of its beautiful parks and gardens. Viña del Mar is in the Valparaíso region, known for its temperate climate. This region is known as the tourist capital of Chile.

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
  • 514.8
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Con Esfuerzo Se Crece Group's $4,000 loan helped a member to purchase women's, men's, and children's clothing to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Aug 12, 2010
Aug 13, 2010
Currency Exchange Loss:
Jan 15, 2011