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Luis
Luis is a member of the “Pueblo de Indios Emprende” community bank which is located in San Vicente de Tagua Tagua district. He has been selling sweets and candies in an itinerant manner for 4 years. He makes his sales at sports grounds and stadiums where he doesn't stay in a fixed spot but moves around. He makes his sales alone but his wife, who is also a member of Fondo Esperanza and sells Avon products and makes repairs from home, sometimes accompanies him to sell.

With this loan he will travel to Rancagua (a city near San Vicente) to buy merchandise. Although Luis has been in a wheelchair for 6 years (because of a disability) and has been ill for 12 years, he has, little by little, been increasing his range of goods and his dream is to have a kiosk. He is currently negotiating this with his local council.

Luis has 3 grown-up children who live with him and also help support him financially. Luis has enjoyed taking part in Fondo Esperanza together with his fellow group members with whom he feels great unity.

San Vicente de Tagua Tagua is a district in the central area of Chile in the Libertador General Bernardo O'Higgins region on the banks of the river Estero Zamorano. The area's main source of income is the production of lemons, oranges and avocados.
View original language description ↓
Luis forma parte del banco comunal “Pueblo de Indios Emprende” perteneciente a la comuna de San Vicente de Tagua Tagua. Él vende confites y golosinas de manera ambulante hace 4 años. Sus lugares de venta son canchas y estadios, en donde no permanece en un punto fijo, sino que se va trasladando. Vende solo, pero su esposa, quien también forma parte de Fondo Esperanza, vendiendo productos Avon y haciendo composturas en su casa, lo acompaña algunas veces a vender.
Con este préstamo viajará a Rancagua (ciudad cercana a San Vicente) a comprar mercadería. A pesar de que Luis lleva 6 años en silla de ruedas (por una discapacidad) y 12 años enfermo, ha ido de a poco aumentando su variedad de mercadería y su sueño es tener un Kiosco, para lo cual esta haciendo las gestiones con su municipalidad.
Tiene 3 hijos mayores de edad, quienes viven con él y lo apoyan también económicamente. A Luis le ha sido muy grato participar en Fondo Esperanza y con sus compañeros de grupo con quienes siente una gran unidad.
San Vicente de Tagua Tagua es una comuna de la zona central de Chile, perteneciente a la región del Libertador General Bernardo O’higgins, emplazada a orillas del río Estero Zamorano. Su principal fuente económica se basa en la producción de limones, naranjas y paltas.

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.

About Chile

  • $14,900
    Average annual income
  • 0
    View loans »
    Chile Loans Fundraising
  • $2,552,775
    Funds lent in using Kiva
  • 489.4
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Luis to purchase sweets and candies.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 22, 2010
Listed
Nov 3, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011