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Esfuerzo De Las Flores Group
In this Group: Maria Delfina, Javiera Candelaria, Hector Ricardo, Emilia Beatriz, Margarita Del Carmen, Olivia Ester, Valeria Soledad, Maritza Solange, Ximena Alexandra, Raquel Del Carmen, Monica Alejandra, Sivia Andrea, Adan Adonias, Judith Inelia, Flor Yolanda, Marly Evelyn, Derni Alejandro, Nelda Elena, Livian Susana, Valeria Andrea, Flor Mariana, Espragelia Del Carmen
The El Esfuerzo de Las Flores communal bank is located in Villarrica, where most of the members are artists and a few sell lingerie, books, clothing, and firewood. Carmen is one of the members. She is located in the top right hand side of the picture, below the blue paper and a star. She sells clothing, arts in wool, and lumber. She began her business many years ago, but she was not able to continue due to many factors, but this helped motivate here idea of having her own business. One of the problems she had was not having the freedom to venture off on her own. She has always wanted to work in art and she will use the money from this loan to buy clothing, yarn to make her crafts such as scarves, gloves, hats, and sweaters. She hopes to have good response to what she buys so that she can begin to solidify her dream. She has also been able to make good contacts in nearby towns through the communal bank. This will help her make sales in these areas, or in various artesian fairs. She stresses that what she has enjoyed about working with Fondo Esperanza is that she has felt very good about the communication with her advisor from the Villarrica office. She is grateful for all the help that she gets from Fondo Esperanza and for the great group that her communal bank has become.
View original language description ↓
En Villarrica se encuentra el Banco Comunal El Esfuerzo de Las Flores, en donde la mayoría de sus socios se dedican a la artesanía, y unos pocos a la lencería, librería, ropa y leña; una de las socias que acá encontramos es la señora Carmen, en la foto de encuentra al extremo superior derecho bajo un papel azul y una estrella, es comerciante de ropa y artesanía en lana y madera. Ella comenzó hace muchos años su negocio, pero al no poder ser constante por diversos factores tuvo que dejar de trabajar, lo cual ayudo a impulsar la idea de tener su propio negocio y así independizarse. Uno de los problemas que tuvo fue el no tener la libertad para independizarse, ya que sus ganas siempre han sido el poder trabajar en artesanía, y así el préstamo le podrá ayudar para comprar ropa en general, y lana, para crear dichas artesanías como lo son bufandas, guantes, gorros, sweters. Ella espera tener una muy buena acogida con todo lo que comprará para poder empezar a concretar su sueño, ya que además con su Banco Comunal han podido hacer muchos contactos con pueblos cercanos, lo que los ayudará para ir a vender también su mercadería en esos lugares, o ir instalándose en distintas ferias artesanales. Destaca que lo que más le ha gustado de trabajar en Fondo Esperanza, es que se ha sentido muy bien en cuenta a la comunicación que existe con su asesora y la oficina de Villarrica, esta agradecida por toda la ayuda prestada por Fondo Esperanza, además por el gran grupo en el que se ha transformado su Banco Comunal.

Additional Information

More information about this loan

This loan targets populations in financially underserved regions of Chile. Thanks to its numerous branches, Fondo Esperanza is present nationwide and offers loans to micro-entrepreneurs in a country known for its limited microfinance industry. This Kiva loan enables entrepreneurs to maintain their current businesses in areas where Fondo Esperanza is the only available and accessible financial institution.

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
  • 472.7
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Esfuerzo De Las Flores Group's $4,950 loan helped a member to buy supplies.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Mar 11, 2013
Mar 21, 2013
Currency Exchange Loss:
Jul 19, 2013