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Esperanza Group
In this Group: Katherine, Luzmira, Rosa, Mitha, Rita, Alejandra, Mariana, Blanca, Monica, Noelia, Jocelyn, Eva, Carolina, Elcira, Maria , Fabian
This communal bank is called “Esperanza” (Hope) and it has 16 entrepreneurs all with different lines of work among which are: tea sales, ring sales, street merchants and services, among others. All are from the Renca commune located in the city of Santiago.

Katherine is a member of this communal bank and in the photo she appears in the first row, third from right to left, wearing a black shirt. Her hair is dark brown and she wears it gathered up.

She has been selling varied merchandise for two months. She comments that she works in the free street markets some days a week according to her availability; she sells items according to the season and for the moment is selling Christmas merchandise.

The merchandise she needs she buys from various stores and suppliers where she finds variety and novelty at low cost which is advantageous economically. She will use the loan to buy pins, underwear, toys and perfume.

One of Katherine’s goals is to have a larger business set up so she can have everything for her customers.

Katherine lives with her mother-in-law and her husband and the future child she’s expecting. Her dream at the business level is to have a nice, spacious shop and on the family level is to earn good income to provide well for her future child.

She is very happy and grateful for the support provided by Fondo Esperanza to invest in her business and she also feels very comfortable in her group because they communicate well.

Renca is a commune located in the northwest part of Santiago (capital of Chile) metropolitan region. It’s a commune with strong community action among which stands out the “Renca TV” community television station that was created to promote the commune’s cultural and artistic activities.
View original language description ↓
Este Banco Comunal se llama “Esperanza” está conformado por 16 emprendedores quienes se dedican a diferentes rubros, entre los cuales se dedican a diferentes rubros, entre los cuales se encuentran; venta de yerbas, venta de anillos, feriantes, servicios entre otros. Todos ellos pertenecientes a la comuna de Renca, ubicada en la ciudad de Santiago.
Katherine, integrante del grupo del Banco Comunal, quien en la foto se encuentra de pie en primera fila, ocupando el tercer lugar de derecha a izquierda, viste poleron de color negro, su cabello es de color castaño oscuro y lo usa tomado.
Ella se dedica al rubro de venta de articulos varios, desde hace 2 meses. Comenta que trabaja en ferias libres y algunos días a la semana y su horario lo distribuye de acuerdo a su disponibilidad, ella vende articulos según la temporada, por el momento ofrece articulos para navidad.
La mercadería que va necesitando la compra en diferentes comercializadoras y distribuidoras donde encuentra variedad y novedad de articulos varios para vender a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará pinches, ropa interior, juguetes, perfumes.
Una de las metas de Katherine es tener un negocio más grande y establecido donde pueda tener de todo para su clientela.
Katherine vive junto a su suegra y esposo y su futuro hijo que viene en camino. Sus sueños a nivel laboral tener un lindo negocio y amplio, y anivel familiar tener buenos ingresos para darle un buen pasar a su futuro hijo.
Ella está muy contenta y agradecida de la ayuda brindada por Fondo Esperanza para invertir en su negocio. Además se siente muy cómoda con el grupo del cual forma parte ya que tienen una muy buena comunicación.
Renca es una comuna ubicada en el sector norponiente del Santiago (capital de Chile), región metropolitana. Es una comuna con un fuerte trabajo comunitario, entre lo que se destaca el canal de televisión comunitario “Renca TV”, creado con el fin de promover las actividades culturales y artísticas de la comuna.

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
  • 475.1
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Esperanza Group's $3,275 loan helped a member to buy hatpins, underwear, toys and perfume.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Dec 21, 2012
Dec 20, 2012
Currency Exchange Loss:
Apr 17, 2013