Johanna has a place where she sells underwear, perfume, and used shoes. Used shoes are available in various businesses. She buys them in the outdoor market, repairs them, and sells them at a higher price. She has done this job for 14 years. Sometimes she also sells balls.
Johanna, 33, is a single mother who takes care of her four children. The older ones, ages 18, 11, and 7 years old, are all in school. The youngest is 2.
In the long term, Johanna would like to set up a store in Renaico (Region 9), in her city. Eventually she wants to apply to get a house.
Johanna likes Fondo Esperanza because of the training classes, being able to work in a group, getting to know more people in her community, and making her business known in her community.
Johanna is seated in the back, the second person from the right, wearing a purple t-shirt and her hair pulled back.
Johanna tiene una tienda donde vende zapatos usados, venta de ropa interior y perfumes. Se entregan zapatos usados en diferentes negocios, los compra en la feria libre y los repara y los vende al precio mayor. Hace 14 años que se dedica a esta venta. A veces vende pelotas tambien. Johanna tiene 33 años y es mama soltera que cuida por sus 4 hijos, los mayores tienen 18, 11 y 7 años y todos estudian. El menor tiene 2 años. A lo largo plazo, a Johanna le gustaría poner un local en Renaico (IX Región) en su ciudad. Eventualmente, quiere postular para obtener una casa. Johanna le gusta Fondo Esperanza por los cursos de capacitación, poder trabajar en grupo y conocer más gente de su comunidad y dar a conocer su negocio entre las personas de su comunidad.
Johanna es la segunda sentada atrás, de derecha a izquierda con polera morada y pelo tomado.
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.