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Marlene
Marlene is member of the communal bank named "Biobio", located in the city of Concepcion. She has had a grocery store and confectionary installed in her home for the past 5 years. On Sundays she also sells cell phone accessories from a stand at the fair. She doesn't attend the fair any other days because it is difficult to move all of her merchandise.

She has 3 children, 2 daughters aged 21 and 17, and a son who is 10 years old.

This loan, in addition to some personal savings, she would like to purchase a used vehicle to facilitate the transportation of goods to her stand at the fair.

Her dream is to have a good inventory stocked with a variety of merchandise.

It has been a great benefit for Marlene to be involved with Fondo Esperanza (Kiva Field Partner); not only for the loans but also for the additional support she receives during their meetings (workshops focused on business administration).

Concepcion is located at the opening of the river Biobio, one of the largest rivers in the Chile's southern region known as Biobio. The region has had an important function in our history, being the location of one of the important battles and subsequent establishments, specifically during the War of Arauco. It is located in the frontier region with the Mapuche territory. Currently the city enjoys a significant economic and demographic development, becoming one of the more important urban centers in Chile with respect to demographics, administration, the economy, and commerce, only trailing behind Santiago and Valparaiso.
View original language description ↓
Marlene forma parte del banco comunal “Bíobío”, perteneciente a la ciudad de Concepción. Ella vende abarrotes y confites en su casa, desde hace 5 años. También vende, los días domingo, accesorios para celular, en un puesto en la feria. No atiende en la feria más días, porque le complica movilizarse con el toldo y la mercadería más días.
Tiene 3 hijos, 2 hijas de 21 y 17 años y un niño de 10 años.
Con este préstamo, más unos ahorros que tiene, quiere comprar un vehículo usado, que le facilite el transporte de su puesto en la feria.
Su sueño es tener un almacén de abarrotes con variada mercadería.
A Marlene le ha servido mucho trabajar con Fondo Esperanza, no solo por los préstamos, sino también por la asesoría que recibe durante las reuniones de grupo por medio de talleres orientados a la administración de los negocios.
Concepción, está asentada en la desembocadura del río Biobío, uno de los más grandes del país, al sur de Chile, en la región del Bíobío. Ha tenido una importante función en nuestra historia, siendo sede de importantes batallas y asentamiento relevante, especialmente durante la Guerra de Arauco, por estar en la frontera con territorio mapuche. Actualmente la ciudad posee un importante desarrollo económico y demográfico, llegando a ser considerada como uno de los núcleos urbanos, demográfico, administrativo, financiero y comercial más relevantes de Chile, después de Santiago y Valparaíso.

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

  • $19,100
    Average annual income
  • 0
    View loans »
    Chile Loans Fundraising
  • $2,637,700
    Funds lent in using Kiva
  • 491.4
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Marlene to purchase a used car.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 21, 2011
Listed
Jan 19, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011