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Esperanza Para Todos Group
In this Group: Maria, Carolina, Veronica, Catherine, Silvia, Rosa, Jacqueline, Carolina, Francisca, Juan, Paulina, Miguel, Danny, German, Graciela, Juana, Jacqueline, Sandra , Patricia, Mariela, Ana, Ruth
This communal bank is called “Esperanza para Todos” (Hope for All) and it has 22 entrepreneurs who are in a variety of lines of work among which are: fried potato sales, plant sales, clothes sales, fruit and vegetable sales, snacks, personal hygiene products, kiosk and services among others. All belong to the city of Santiago’s Puente Alto commune.

María, communal bank secretary, is in the first row seated in the first place from right to left. She’s wearing blue pants and a black vest; her hair is gathered.

She’s a merchant specifically selling cleaning supplies. She’s been in this business for a year and works alone in a stand in a street market. She buys her merchandise at a cleaning supplies store. She will use the loan to buy merchandise for her business. Her goal is to be able to open a home-based business to generate higher income.

María lives with her husband who works alongside her and her two children who are 11 and 8 years old. Her dream is to grow with her business and that her daughter continues forward with her schooling.

María is very happy and grateful with the loan and services gotten from Fondo Esperanza. She also comments that she feels very comfortable at the meetings and with her communal bank because there is generosity and unity there.

Puente Alto is a commune in north Santiago, Capital of Chile. It was founded as a small rural village at the end of the 19th-century but due to population growth is now one of Chile’s most populous communes with more than 600,000 inhabitants. It’s the doorway to one of the metropolitan region’s foothill areas known as Cajón del Maipo, a sector with hiking trails, bridal paths and rafting, among other activities as well as accommodations and food services.
View original language description ↓
Este Banco Comunal se llama “Esperanza para todos” está conformado por 22 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; venta de papas fritas, venta de plantas, venta de ropa, venta de frutas y verduras, confites, artículos de aseo personal, almacén, kiosco, servicios entre otros. Todos ellos pertenecientes a la comuna de Puente Alto ubicada en la ciudad de Santiago.
María, secretaria del grupo del Banco Comunal, quien en la foto se encuentra sentada en primera fila, ocupando el primer lugar de derecha a izquierda, viste un pantalón color azul, encima lleva puesto un chaleco de color negro, usa su cabello tomado.
Ella se dedica al rubro del comercio específicamente a la venta de artículos de aseo, se ocupa de este negocio desde hace 1 año, trabaja sola en un puesto en la feria. Su mercadería la compra en un centro de abastecimientos de artículos de aseo.
Con el crédito comprará mercadería para su negocio.
Sus metas son poder hacer un negocio en su propia casa para generar mayores ingresos.
María vive junto a su marido quien trabaja con ella, y sus 2 hijos de 11 y 8 años. Sus sueños son crecer con su negocio y que su hija salga adelante con sus estudios.
María está muy contenta y agradecida del crédito y servicios otorgados por Fondo Esperanza. Además comenta que se siente muy cómoda con las reuniones y grupo del Banco Comunal, ya que existe generosidad y unidad.
Puente Alto es una comuna ubicada al norte de Santiago, capital de Chile. Fue fundada como un pequeño pueblo rural a fines del siglo XIX, pero dado su crecimiento demográfico es actualmente una de las comunas con mayor población de Chile, superando los 600 mil habitantes. Es la puerta de entrada a uno de los sectores precordilleranos de la región Metropolitana, conocido como el Cajón del Maipo, sector con espacios de caminatas, cabalgatas, rafting, entre otras actividades y servicios de alojamiento y alimentación.

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
  • $2,587,775
    Funds lent in using Kiva
  • 499.0
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Esperanza Para Todos Group's $7,000 loan helped a member to buy merchandise.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2012
Listed
May 23, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012