Check out some available loans that are similar to this one!
Luz
Luz is part of the "Rayito de Sol" (Little Ray of Sun) community bank in the city of San Bernardo. For more than 20 years, Luz has prepared and sold fast food such as empanadas, pastel de choclo (a traditional baked fresh ground corn and meat pie), Chilean kneaded bread, berlines (custard-filled pastries), ice cream and drinks from her home. She also makes deliveries. When Luz first started her business, she only sold bread baked in a wood-fired oven. Now, thanks to Fondo Esperanza and another microfinance institution she used to participated in, Luz has equipment that makes her work easier such as an industrial oven, freezer, electric mixer, and bread pans, among other things.

Luz has many loyal customers. On Fridays she sells lunches at the office where her oldest child works, and from March to December she sells berlines at various schools. In addition, she has lunch orders to prepare every weekend. With this loan Luz will fix her stove and buy materials and ingredients to cook her food products.

She lives with her husband and 3 children. All her children are older and working; none have married yet. On days when they aren't working, Luz's children help her with her cooking and deliveries.

Luz's dream is to have a bakery and store front right in her home. The loans from Fondo Esperanza have helped her business greatly, especially when her sales were low. Luz also enjoys the support of her group members and business guidance she receives from her Fondo Esperanza advisor.

San Bernardo is a city located 28 km directly south of la plaza de armas in Santiago, the capital of Chile. It's known as the folklore capital of Chile because of the International Festival of Folklore held there every January. At the festival the country's traditions are highlighted and musical groups from all over South America gather. San Bernardo also holds the Festival of Traditional Crafts, attended equally by Chilean artisans and artisans from nearby countries. In April, there is "Abril Cuecas Mil", an event where the entire community dances the cueca, a traditional Chilean dance.
View original language description ↓
Luz forma parte del banco comunal “Rayito de Sol” perteneciente a la ciudad de San Bernardo. Ella prepara y vende comida rápida, como empanadas, pastel de choclo, pan amasado, berlines, helados y bebidas, en su casa, por encargos (excepto los helados y las bebidas), desde hace más de 20 años. Cuando comenzó con su negocio, solo vendía pan amasado cocido a leña. Ahora gracias a otra institución en la que participó y a Fondo Esperanza, cuenta con los implementos necesarios para facilitar su trabajo, como un horno industrial, una congeladora, una batidora y moldes entre otras cosas.
Luz tiene muchos clientes frecuentes. Los días viernes vende colaciones en el trabajo de su hijo mayor y desde marzo a diciembre vende berlines en kioscos de varios colegios, además todos los fines de semana tiene pedidos para la hora de almuerzo.
Con este préstamo arreglará su cocina y comprará materiales e ingredientes para cocinar sus productos.
Ella vive con su esposo y sus tres hijos solteros, todos mayores de edad y quienes trabajan de manera dependiente. Sin embargo cuando ellos tienen sus días libres ayudan a Luz en preparar sus encargos y también en entregarlos.
El sueño de Luz es tener una amasandería y un kiosco en su misma casa.
Para Luz los préstamos de Fondo Esperanza han sido un gran apoyo para su negocio, sobre todo cuando sus ventas han sido bajas. También disfruta mucho el compartir con sus compañeras de grupo y la guía que recibe para llevar bien su negocio de parte de su asesora de Fondo Esperanza.
San Bernardo es una ciudad, ubicada a 18 km. en línea recta hacia el sur desde la plaza de armas de Santiago (capital de Chile). Es conocida como la capital del folklore, debido a que cada año, en enero, se realiza el "Festival Internacional del Folklore", un evento en el que las raíces del país se dan cita y se reúnen agrupaciones musicales de toda Sudamérica. También se desarrolla la "Feria de Artesanía Tradicional", en la que participan tanto artesanos chilenos como de otros países cercanos. Luego en abril se realiza el evento “Abril cuecas Mil” que consiste en hacer bailar cueca (baile tradicional chileno) a toda la comuna

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
  • $2,637,700
    Funds lent in using Kiva
  • 489.0
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Luz materials and ingredients.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 31, 2011
Listed
Jan 30, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011