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Paila De Agua Group
In this Group: Pamela Andrea, Javier Jerardo, Mercedes Albina, Yovanka Andrea, Victoria Andrea, Marcela Mercedes, Erna Edith, Violeta Juana, Maria Albina, Veronica Del Carmen, Cecilia Ramona, Nancy Veronica, Maria Jacqueline, Eliana Mireya, Jeanette Eulalia, Adelina Ester
Jacqueline, who is standing fourth from the left in the photo, is a member of Paila de Aqua Communal Bank, located in the city of Valdivia in Los Rios Region. The members of this communal bank engage in different activities, such as fast food, telephone service, and stationary and shipping store owner.

Jacqueline owns the stationary and shipping shop and began her business more or less three years ago by saving money from a previous job she had so that she could make her dream come true. She obtained a license from the city to open her store. In the meantime, she has encountered a few difficulties along the way, such as having to take over sole responsibility for supporting her household. This has been difficult because she would have liked to have a little more help from other members of her family. However this does not mean she is not able to work hard for all the things she wants in life; rather it encourages her to continue excelling.

Jacqueline will use her loan to purchase more supplies for her stationary and shipping store. She is very pleased because the school year has started and she is sure she will have much more business. She is very grateful and happy to participate in Fondo Esperanza because they have taught her many things. She also believes that the most important thing in her life is to have the confidence to take risks so that she can make her dreams come true.
View original language description ↓
Jacqueline, quien en la fotografía esta parada y es la cuarta de izquierda a derecha, es socia del Banco Comunal Paila de Agua, el cual está ubicado en la ciudad de Valdivia, Región de Los Ríos. Los socios de este Banco Comunal tienen distintos rubros, entre los cuales están la comida rápida, telefonía, bazar y paquetería, y justamente Jacqueline está dedicada a este último rubro, el cual lo comenzó hace más o menos tres años, ahorrando dinero del trabajo estable que tenía anteriormente para poder concretar su sueño y así además acceder al permiso Municipal para su bazar. Entre tanto ha tenido algunas dificultados como el hecho de tener que hacerse cargo sola del sustento de su hogar, lo cual ha sido difícil ya que le gustaría tener un poco mas de apoyo de los miembros de su familia, pero eso no da lugar a que ella no pueda esforzarse por todas las cosas que quiere en su vida, es mas la alientan a seguir superándose. Jacqueline ocupará su crédito en poder comprar más insumos para su bazar y paquetería y está muy contenta porque como ha comenzado el periodo escolar está segura que tendrá mucha más venta. Está muy agradecida y feliz de participar en Fondo Esperanza ya que le han enseñado muchas cosas pero lo que cree más importante en su vida es la Confianza, de poder aventurarse a concretar sus sueños.

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

  • $14,900
    Average annual income
  • 0
    View loans »
    Chile Loans Fundraising
  • $2,587,775
    Funds lent in using Kiva
  • 472.9
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Paila De Agua Group's $4,225 loan helped a member to purchase supplies for her stationary store.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2013
Listed
Apr 6, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013