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La Esperanza Ii Group
In this Group: Katherine, Laura, Irma, Leonides, Denise, Ingrid, Carla, Susana, Hilda, German, Nicol, Miguel, Carolina, Joel, Victor, Fernanda, Luz, Cecilia
This communal bank is called “La Esperanza II” [Hope II] and is made up of 18 entrepreneurs who work in different businesses, including selling used and new clothing, selling plastic items, curtain-making, handicrafts, selling groceries and other services. They all live in the city of Talca.

Katherine is a member of the group, and she is standing in the first row of the photo, the fourth person from right to left, dressed in blue jeans, a black-and-white checked polo, a dark turquoise vest, with dark, chestnut-colored hair worn loose, large flower earrings and sunglasses on top of her head.

Katherine has been working for five years selling used clothing. She says that she works three days per week at open-air markets, selling women’s and children’s clothing in all sizes and different styles.

She buys her merchandise in the city of Santiago from clothing distributors that specialize in selling by the bundle and at low cost, which economically suits her business.

With this loan she will buy bundles of clothing for the spring season. One of Katherine’s dreams is to renovate a space in her house to install a store and therefore wait on her customers more comfortably. She says this would generate more income with which she could improve her quality of life.

Katherine lives with her husband and two children, ages 20 and 2. Her dreams for her business are for it to grow day by day in order to provide for her children. For her family, she dreams of one day being able to travel together.

She is very happy and grateful to Fondo Esperanza, since they have given her the opportunity to invest in and grow her business. Katherine gets along very well with the members of the group because they communicate very well with each other. As for the classes that are given, she has been able to incorporate all of the teachings relating to sales into her business.

Talca is in the Maule Region, located in the central area of the country. It is the administrative, economic and cultural center of the region and is the most important city of the Chilean Central Valley. There is a curious reference to Talca in the Chilean phrase “Talca, Paris and London”. Among the many legends relating to this phrase, some say it derives from words originally spoken by a person from England, which are “Talca parece Londres” [Talca looks like London], because of the abundant mist that frequently covers the city during the winter season, similar to the capital of the United Kingdom.
View original language description ↓
Este Banco Comunal se llama “La Esperanza II” está conformado por 18 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; venta de ropa usada y nueva, venta de articulos plásticos, confección de cortinas, artesanía, almacén, servicios entre otros. Todos ellos pertenecientes a la ciudad de Talca.
Katherine, integrante del grupo del Banco Comunal, quien en la foto se encuentra de pie en primera fila, ocupando el cuarto lugar de derecha a izquierda, viste blue jeans, polera de cuadros de color negro y blanco, chaleco de color Calipso, su cabello es de color castaño oscuro y lo usa suelto, de adorno usa aros grandes de flores y encima de su cabeza lleva lentes para el sol.
Ella se dedica al rubro de venta de ropa usada, desde hace 5 años. Comenta que trabaja tres días de la semana, en feria libres, vende ropa de mujer y niños en todas las tallas y diferentes modelos para ambos.
La mercadería e insumos que va necesitando la compra en la ciudad de Santiago en distribuidoras de ropa que se especializan en vender por fardos a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará fardos de ropa para la temporada de primavera.
Una de las metas de Katherine es habilitar un espacio de su casa para poner un bazar, para atender a su clientela mas cómodamente, así con esto generar mayores ingresos para optar a una mejor calidad de vida.
Katherine vive junto a su marido y dos hijos de 20 y 2 años de edad. Sus sueños a nivel laboral crecer dia a dia para darles un buen pasar a sus hijos y a nivel familiar poder viajar con su familia.
Ella está muy contenta y agradecida de Fondo Esperanza, ya que le ha dado la oportunidad de invertir y surgir en su negocio. Katherine tiene muy buena relación con las socias del grupo, ya que tienen una muy buena comunicación. Respecto a los cursos impartidos ha podido integrar todos los aprendizajes de venta a su negocio.
Talca pertenece a la región del Maule, ubicada en la zona centro del país. Constituye el centro administrativo, económico y cultural de la región, siendo la ciudad más importante del Valle Central chileno. Sobre Talca existe una curiosa referencia en Chile, la frase "Talca, París, y Londres". Entre los mitos al respecto, algunos dicen que es una derivación de la originalmente dicha por un inglés "Talca parece Londres", por la abundante neblina que cubre frecuentemente la ciudad en la temporada invernal, a semejanza de la capital del Reino Unido.

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
  • 475.2
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Esperanza Ii Group's $4,825 loan helped a member to buy bundles of clothing for the spring season.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 31, 2012
Listed
Jan 16, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 19, 2013