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Confianza Y Fe Group
In this Group: Alma, Claudia, María Ivette, Sonia, María Isabel , Elizabeth, Miriam, Nancy, Nelly, Jeanette, María José, Elsa, Nelda, Sandra, José, Nicole, Claudia, María, Tito
This communal bank, called “Confidence and Faith,” is composed of 19 entrepreneurs dedicated to different trades. Among them you will find a used clothing merchant, a street vendor, a perfume seller, and a grocer. They all come from the city of Temuco.

Alma, is in the second row in the photo, wearing a blue cap and has short wavy hair, She has been a merchant for 10 years. Specifically, she has a candy store with some game machines. The store is located in her house, which was modified to include her store.

She comments that the business has been doing well and her earnings have served to pay for her children's studies and invest in the candy store. Some time back, she installed glass cases. She buys her merchandise directly from proveyors.

With this loan she will buy merchandise for the candy store, specifically cookies, chocolates, juices, and milk, among other products. Alma's goal is to increase the store's merchandise in order to capture a larger number of customers. To do this, she needs to buy a refrigerator with a freezer to keep ice cream, drinks, and yogurt.

Alma lives with one of her children who hopes to pursue a university career and become a professional.

She is very content and grateful for the aid offered by the Esperanza Fund. Alma is very comfortable with her communal bank group. They carry out activities together and this generates good relations among them. The training sessions have served to better prepare them to run their businesses.

Temuco is the capital of the Araucanian region. The city is located 670 kilometers south of Santiago, the captail of Chile. In the surrounding area there is a series of hot springs (including Pucon, Villarrica) and a very attractive native flora and fauna, concentrated in nature parks nearby. It's worth mentioning that 50% of the regions' residents are Mapuche, an indigenous people of our country.
View original language description ↓
Este Banco comunal se llama “Confianza y Fe” está conformado por 19 emprendedores que se dedican a diferentes rubros entre los cuales se encuentran venta de ropa usada, comercio ambulante, venta de perfumes y venta de abarrotes. Todos ellos pertenecientes a la ciudad de Temuco.
Alma quien en la foto se encuentra en la segunda fila del grupo, vistiendo una capa color azul y su cabello es corto ondulado. Ella se dedica al rubro del comercio desde hace 10 años. Específicamente se dedica a vender productos de confitería, además cuenta con máquinas de juego. Su negocio está ubicado al interior de su casa, en una habitación que habilitó para instalar su confitería.
Comenta que le ha ido bien en su negocio y que las ganancias le han servido para costear los estudios de sus hijos e invertir en su confitería, ya que hace un tiempo instaló vitrinas para su confitería.
Su mercadería la compra a proveedores directamente.
Con el crédito comprará mercadería para su confitería, específicamente galletas, chocolates, jugos, leche, entre otros productos.
Sus metas en su negocio son abastecer aún más su negocio, para captar un mayor número de clientes. Para esto necesita comprar una congeladora en forma de refrigerador para mantener los helados, bebidas y yogurt.
Alma vive junto a uno de sus hijos quien anhela estudiar una carrera universitaria, para ser un profesional.
Ella está muy contenta y agradecida de la ayuda brindada por Fondo esperanza. Se siente muy cómoda con el grupo del banco comunal, ya que realizan actividades juntos y esto ha generado una muy buena relación entre ellos. Respecto a las capacitaciones estas le han servido para desempeñarse de mejor manera en sus negocios.
Temuco es la capital de la región de la Araucanía. La ciudad se ubica a 670 kilómetros al sur de Santiago (capital de Chile). En sus alrededores se ubican una serie de balnearios lacustres (Pucón, Villarrica) y una flora y fauna nativa muy llamativas, concentrada en parques naturales cercanos. Cabe destacar que en esta región habita el 50% de los mapuches, pueblo indígena, existente en nuestro país.

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
  • 463.6
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Confianza Y Fe Group's $3,925 loan helped a member buy merchandise for her store; especially cookies, chocolates, juices, and milk, among other products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2011
Listed
Sep 14, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2012