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Luis
Luis is a member of the “Cascada de Oro” ("Shower of Gold") community bank in the city of Osorno in Chile. He began selling boxes of fruit. For the last five years, he has had a minimarket in his home, where he and his wife, who is also a part of the Esperanza microfinance partner, both work. He has a daughter, who started studying nursing at the university this year. The three of them take turns attending the business every day of the week from 7 am to 11 pm.

Luis will use this loan to expand his business by one and a half meters in front and to buy a shop window and pastries, since his business includes a bakery.

He lives with his wife, his two children, who are 21 and 15, and his only grandchild, who is 4 years old.

His dream is to pay for his children's education, so that they can have better employment opportunities.

Esperanza has played an important role in Luis and his wife's business, as the loans they have obtained have helped them to grow slowly, allowing them to buy the necessary machinery and making it possible for them able to offer a greater selection of products. They have also taken advantage of the business education and personal development workshops, which Esperanza holds during the meetings of the communal bank.

Osorno is a city in southern Chile, in the Lagos region. It is an important livestock area, known in Chile as "The Country of Milk and the Land of Meat." Farmers also grow wheat and oats as feed, for meat and milk processing, as well as for the use by agrarian groups.

Osorno has the only enclosed football stadium in Chile, the "Rubén Marcos” municipal stadium.
View original language description ↓
Luis forma parte del banco comunal “Cascada de Oro” perteneciente a la ciudad de Osorno. Él empezó vendiendo cajones de fruta y ahora tiene un minimarket en su casa, desde hace 5 años, en donde atiende junto a su esposa, quien también forma parte de Fondo Esperanza. Tiene una hija de 21 años, quien este año comienza a estudiar enfermería en la universidad. Entre los tres se turnan para atender el negocio todos los días de la semana desde las 7 hrs. de la mañana hasta las 11 hrs. de la noche.
Con este préstamo ampliará un metro y medio su negocio hacia delante, y comprará una vitrina y pasteles, ya que incluirá pastelería a su negocio.
Vive con su esposa, sus dos hijos: la mayor de 21 y el menor de 15 y su única nieta de 4 años.
Su sueño es pagar los estudios de sus hijos, para que ellos tengan mejores oportunidades laborales.
Para Luis y su esposa, Fondo Esperanza ha sido un importante aporte para su negocio, ya que gracias a los préstamos que han obtenido, han ido creciendo de a poco, incluyendo las máquinas necesarias y una mayor variedad de mercadería. También le han servido mucho los talleres de educación emprendedora y de desarrollo personal que se les entregan durante las reuniones de banco comunal de parte de su asesor de Fondo Esperanza.
Osorno es una ciudad que se ubica en la zona sur de Chile, región de Los Lagos. Es un importante centro agropecuario que se identifica como "La Patria de la Leche y Tierra de la Carne" de Chile. Dentro de su actividad agropecuaria se destaca el cultivo de trigo y avena, la crianza de ganado, para el procesamiento de carnes y lácteos además de la fabricación de equipos agrarios.
Destaca en Osorno el único estadio de fútbol techado de Chile, el Estadio Municipal "Rubén Marcos”.


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
  • $2,587,775
    Funds lent in using Kiva
  • 483.2
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Luis expansion, buying a shop window and pastries.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2011
Listed
Feb 4, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011