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José
José is a member of the “La Hermandad” (The Brotherhood) communal bank in Maipú. He has had a stand selling house wares and cleaning supplies in a market in his commune for the last 11 years. Besides, he also has a floor paint factory, an occupation his brother-in-law taught him. He shares half the stand with his wife, who also collaborates with Fondo Esperanza; she makes clothes for Barbie dolls as well as items for the home like sheets, drapes and tablecloths. Both work in the market every day but in different parts of the commune since the market rotates among them.

José will use this loan to buy materials to make floor paint and general merchandise. His dream is to lease a fixed locale and have a vehicle which will ease merchandise transport because he currently only has a three wheel vehicle.

José is very grateful to Fondo Esperanza because thanks to the loans he has been able to acquire more merchandise and increase sales.

Maipú is a commune in the east of Santiago, capital of Chile. It is the largest commune in Chile and known as the Birthplace of the Nation due to the important historical events that happened there during the Independence Era.
View original language description ↓
José pertenece al banco comunal “La Hermandad” de la comuna de Maipú. Él tiene un puesto de bazar y útiles de aseo, en una feria de su comuna, desde hace 11 años. Además fabrica pintura para el piso, oficio que le enseñó su cuñado. Comparte la mitad del puesto con su esposa, quien también trabaja con Fondo Esperanza y confecciona, para vender, ropa de Barbie y ropa para el hogar, como por ejemplo sábanas, cortinas y manteles. Ambos trabajan todos los días de la semana en la misma feria, pero en diferentes lugares de la comuna, ya que ésta va rotando.
Con este préstamo, José comprará los materiales para fabricar pintura para piso y mercadería en general. Su sueño es arrendar un local establecido y tener un vehículo, el cual le facilite el transporte de su mercadería, ya que ahora solo cuenta con un triciclo.
José está muy agradecido de Fondo Esperanza, ya que gracias a los préstamos ha logrado adquirir más mercadería y aumentar sus ventas.
Maipú es una comuna ubicada al este de Santiago, capital de Chile. Designada como la comuna más grande de Chile es llamada Cuna de la Patria debido a importantes hechos históricos ocurridos en esas tierras durante la época de la Independencia.

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
  • 1
    View loans »
    Chile Loans Fundraising
  • $2,587,775
    Funds lent in using Kiva
  • 478.6
    Chile Pesos (CLP) = $1 USD