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Empresarios Surgiendo Con Esperanza Group
In this Group: Ricardo, Esteban, Sonia, Lidia, Veronica, Lidia, Maribel, Edith, Ximena, Nancy, Juana, Patricia, Carlos , Cecilia, Ingrid, Susana, Yussy, Rosa, Luis, Rosa
This community bank is called “Empresarios Surgiendo con Esperanza” (Businesspeople Emerging with Hope). It is made up of 20 entrepreneurs who work in different fields including selling seasonal clothes, selling fruit, vegetables, seafood and fish. They are all from the city of Valparaíso.

In the photo, Ricardo is at the back of the group. He is the man with dark hair in the middle. His business is selling fish and seafood in a market in the area. He works there on Wednesday and Saturday mornings. He buys his merchandise direct from a fish and seafood supplier twice a week. He has been in this business for 35 years. His experience has helped him to direct and manage his business in the best way possible. He will use his loan to buy fish and seafood for his business.

Ricardo's goal is to set up his business in stable premises. He is waiting for a permit so that he can carry out his plans. Right now, he sells his products as an itinerant vendor.

Ricardo comments that his motivation for continuing in his business is that he enjoys what he does. It is also an inherited business.

Ricardo lives together with his wife, his three adult children and an 11 year-old grandson. He says that his children are now professionals so his dreams and hopes are now directly devoted to his grandson, towards providing him with a better quality of life.

Ricardo is very grateful for the loan he has obtained from Fondo Esperanza as it has allowed him to invest in his business. He is also grateful for the values instilled by Fondo Esperanza which have created unity and commitment within the community bank.

Valparaíso is located 120 kilometers to the north-west of Santiago. It is the regional capital and is also the seat of the country's legislative power. It is the most important port in the nation and offers a wide variety of beautiful and picturesque places such as, for example, the home of the poet Pablo Neruda, winner of the Nobel Prize.
View original language description ↓
Éste banco comunal se llama “Empresarios Surgiendo con Esperanza” está conformado por 20 emprendedores que se dedican a diferentes rubros entre los cuales se encuentran la venta de ropa de temporada, venta de frutas, verduras, mariscos y pescados. Todos ellos pertenecientes a la ciudad de Valparaíso.
Ricardo quien en la foto se encuentra al fondo del grupo, en el lugar del medio, su cabello es de color oscuro. Se dedica a vender pescados y mariscos en un mercado de la zona, ahí trabaja los días miércoles y sábado durante las mañanas. Su mercadería la compra dos veces a la semana directamente a un proveedor de pescado y mariscos. Se dedica a éste rubro desde hace 35 años. Experiencia que le ha servido para dirigir y administrar su negocio de la mejor manera posible.
Con el crédito comprará pescados y mariscos para su negocio.
Sus metas son instalar su negocio en un local establecido, para esto se encuentra esperando un permiso para concretar sus proyectos. Ya que por ahora solo vende sus productos en forma ambulante.
Ricardo comenta que sus motivaciones de continuar con el negocio, se deben a que le gusta lo que realiza, ya que también ha sido un negocio heredado.
El vive junto a su esposa, sus tres hijos adultos y un nieto de 11 años de edad. Comenta que sus hijos ya son unos profesionales, por lo que sus sueños y expectativas están abocado directamente en su nieto, para brindarle una mejor calidad de vida.
Ricardo está muy agradecido del crédito obtenido por Fondo Esperanza, ya que le ha permitido invertir en su negocio y junto con esto agradece también los valores inculcados por Fondo Esperanza, lo que ha generado unión y compromiso al interior del grupo del banco comunal.
Valparaíso está situado a 120 kilómetros al noroeste de Santiago. Es la capital regional y además sede del poder legislativo del país. Es el primer puerto de la nación y ofrece gran variedad de lugares hermosos y pintorescos, como por ejemplo la casa del poeta Pablo Neruda, ganador del Premio Nobel.

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.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Chile

  • $19,100
    Average annual income
  • 0
    View loans »
    Chile Loans Fundraising
  • $2,637,700
    Funds lent in using Kiva
  • 462.5
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Empresarios Surgiendo Con Esperanza Group's $3,050 loan helped a member to buy fish and seafood for his business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jun 30, 2011
Jul 22, 2011
Currency Exchange Loss:
Nov 15, 2011