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Camino Al Triunfo Group
In this Group: Jacqueline, Luis , María , Ramón , Damaris , Nora, Remberto, Iris, Elisa, Katherine, Patricia, Constanza, Ruth, Doralisa, María, Fermin , Teolinda, Genesis
The communal bank “Camino al Triunfo” (The Walk to Triumph) consists of 18 associates from Temuco City. This is the second loan they seek from Kiva lenders. These individuals' livelihoods consists of sales of seasonings (garlic, oregano, and merkén), canned goods, fast foods (fried pies, buns and completos (Traditional Chilian Hot Dogs), lingerie, perfumes, and home décor items (sheets, towels, tablecloths).

Jacqueline can be found in the third row and first from the left; she is wearing a green jacket. Jacqueline´s business consists of a small grocery store located in front of her house. Jacqueline has managed this store for the past 15 years. Jacqueline plans to use this loan to purchase merchandise such as perishable and non-perishable food items for her store. As the market has been getting more competitive, she would like to offer a greater variety and change some of the items she currently offers; for example, a larger variety of vegetables, firewood and charcoal items.

Even though Jacqueline is affected by thyroid disease, she remains full of life due to her business. Jacqueline's household consists of her mother and her 19-year-old daughter, who also works. Jacqueline also has an 18-year-old son who is serving in the military.

What Jacqueline has found most appealing about Fondo Esperanza is that they are quick to inform her about the progress of her loan.

Temuco is the capital of the Araucanía region. It is located 670 kilometers south of Santiago (the capital of Chile) and is the location for a number of lakeside spa resorts and striking native flora and fauna. This region is also noteworthy for being the region where 50% of Chile's existing indigenous Mapuche community live; some of whom are members of Fondo Esperanza communal banks.

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
  • 507.6
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Camino Al Triunfo Group's $3,200 loan helped a member perishable and non-perishable food items.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jul 28, 2010
Sep 1, 2010
Currency Exchange Loss:
Dec 15, 2010