Union Magisterio Group
Regina is also an artisan who produces handmade crafts. Her dream is to someday sell these products out of her home in order to supplement her income during the summer vacation when the school is closed.
Regina enjoys the support she has received as a borrower of local MFI, Fondo Esperanza. She says the weekly meetings that she is required to attend have been very useful and have taught her a lot. She has learned to run her business more efficiently and appreciates the importance of equality for women.
About Fondo EsperanzaFondo 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
0View loans »
Success!! The loan was 100% repaid