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Julio
Julio is a member of the communal bank "Todos Juntos", which belongs to the city of Viña del Mar. He and his wife sell fruits and vegetables at free markets, and have been in business for eight years.

He buys his goods from a supplier who specializes in fruits and vegetables. With the loan he will buy merchandise and repair the vehicle he uses to transport the goods.

One of Julio's goals is to expand business to earn more income so he can lead a better lifestyle. He lives with his wife and their dream is to continue working and open their own establishment.

Julio is very happy and grateful for the loan and services he has received through Fondo Esperanza. He says he feels very comfortable in the communal bank meetings and with the members of the group, because there is generosity and unity.

Viña del Mar is a city on the coast of central Chile. It is also known as the Garden City because of the gardens and patios that many old residences in the city have. It is also considered Chile's tourist capital.
View original language description ↓
Julio forma parte del Banco Comunal “Todos Juntos” perteneciente a la ciudad de Viña del Mar.
El se dedica al rubro de ventas de frutas y verduras en las ferias libres, trabaja con su esposa los días jueves y domingo, se desempeña en sus labores desde hace 8 años.
Su mercadería la compra en un abastecimiento que se especializa en vender productos de frutas y verduras.
Con el crédito comprará mercadería y arreglará su vehículo para transportar su mercadería.
Una de las metas de Julio son poder crecer en su negocio para generar mayores ingresos, así con esto optar a una mejor calidad de vida.
Julio vive junto a su esposa. Sus sueños son seguir trabajando y tener un local propio.
Julio está muy contento y agradecido del crédito y servicios otorgados por Fondo Esperanza. Además comenta que se siente muy cómodo con las reuniones y grupo del Banco Comunal, ya que existe generosidad y unidad.
Viña del Mar es una ciudad y comuna ubicada en el litoral central de Chile, conocida como la Ciudad Jardín debido a los jardines y patios que poseen algunas viviendas antiguas de la ciudad. También es considerada la capital turística de Chile.

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

  • $19,100
    Average annual income
  • 0
    View loans »
    Chile Loans Fundraising
  • $2,637,700
    Funds lent in using Kiva
  • 505.4
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Julio to buy merchandise and repair his vehicle.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2012
Listed
May 29, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012