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Unión Esperanza Group
In this Group: Sandra , Yessenia, Luz María, Ana María, Karen, Mildren, Yhael, Patricia, María, Milena, Jessica, María, Deidamia, Juana, Dannia, Olga, Ana, Daniela, Haydee, Luz
This village bank is called "Union Esperanza" and is made up of 20 entrepreneurs who are in different lines of work including clothing sales and preparing fast food. They all live in the city of La Serena.

Karen, the secretary of the bank, is crouching in the front row of the picture in a checkered shirt, smiling. She sells new kid's clothing and makes yeast bread. She sells both the bread and the children's clothing in her customer's homes. She has been baking bread for 3 years and selling clothes for 3 months. She says she buys the clothing in the Patronato neighborhood of Santiago twice a month. She will use the loan to buy merchandise for her children's clothing business.

Her goals for her clothing business are to have more clients and after a few years to have a permanent store. For her bread business, she would like to have a bakery in her home.

Karen lives with her husband and their children, ages 2 and 5 years old. One of her dreams is to buy their own home, so she has been applying for a housing subsidy.

Karen is very happy and thankful for the services of Fondo Esperanza because they have given her the opportunity to invest in her business and this will allow her to give her family a better quality of life. She says that the village bank is very organized and responsible, and that the trainings at their meetings have helped her to invest better in her business.

La Serena is a city in the north of Chile, located in the Coquimbo region in the province of Elqui. It is an important tourist site, especially during the summer when people come to the beaches. The city is primarily involved in the service sector and has various banks and financial institutions as well as many restaurants and hotels. In recent decades, tourism has become one of the most important economic activities. Hundreds of cruise ship passengers that arrive in the city of Coquimbo pass through La Serena on their way to visit the Valle de Elqui and other places in the area.
View original language description ↓
Este Banco comunal se llama “Unión Esperanza” lo conforman 20 emprendedoras, quienes se dedican a diferentes rubros entre los cuales se encuentran venta de ropa y preparación de comida rápida. Todas ellas pertenecientes a la ciudad de La Serena.
Karen secretaria del Banco comunal, quien en la foto se encuentra en cuclillas en la primera fila de derecha a izquierda, usando una camisa a cuadros, socia sonriente. Se dedica a vender ropa nueva para niños y a preparar pan amasado.
Los dos negocios de ropa y pan amasado los ofrece y vende en los domicilios de sus clientes. Se dedica al negocio del pan amasado desde hace 3 años y el de la ropa desde 3 meses.
Comenta que la ropa la compra en el barrio patronato, ciudad de Santiago, dos veces al mes.
Con el crédito comprará mercadería para su negocio, específicamente ropa para niños.
Sus metas en el negocio de la ropa es tener un mayor número de clientes y con los años tener un local establecido, en cuanto al negocio del pan amasado, le gustaría tener una amasandería, para vender desde su domicilio.
Karen vive junto a su marido y sus dos hijas de 5 y 2 años de edad. Uno de los sueños de ella es obtener su casa propia, para esto se encuentra postulando al subsidio habitacional.
Karen está muy contenta y agradecida de los servicios otorgados por Fondo esperanza, ya que le ha brindado la oportunidad de invertir en su negocio y esto le permitirá brindarle a su familia una mejor calidad de vida.
Comenta que el grupo del Banco comunal es muy organizado y responsable, además las capacitaciones impartidas en las reuniones del grupo le han servido para invertir mejor en su negocio.
La Serena es una ciudad al norte de Chile, ubicada en la Región de Coquimbo, provincia de Elqui.
Es un importante sitio turístico, especialmente durante el verano, donde la gente va a visitar sus playas. La ciudad se dedica principalmente al sector de los servicios, habiendo varios bancos e instituciones financieras y una variada oferta gastronómica y hotelera. En las últimas décadas, el turismo se ha convertido en unas de las actividades económicas más importantes, además la ciudad es paso obligatorio de cientos de cruceros que arriban a la ciudad de Coquimbo, en donde en La Serena encuentran el lugar de residencia provisoria para visitar la zona y el Valle de Elqui.

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

  • $14,900
    Average annual income
  • 0
    View loans »
    Chile Loans Fundraising
  • $2,637,700
    Funds lent in using Kiva
  • 501.7
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Unión Esperanza Group's $4,925 loan helped a member to buy merchandise for their business, specifically children's clothing.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 9, 2011
Listed
Nov 13, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2012