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Un Mejor Futuro Group
In this Group: Jessica Cecilia, Paulina Alejandra, Ninoska Silvana, Carla Elizabeth, Jacqueline Margot, Elizabeth Del Carmen, Juan Segundo, Maria Fernanda, Diogenes Cesar, Astrid Paola, Tatiana Ivonne, Maria Cecilia, Jessica Valeria Lorena, Violeta Del Carmen, Alba Adriana, Alex Eduardo, Silvia De Las Mercedes, Nicole Alejandra, Maria Elizabeth
The members of the Communal Bank “Un Mejor Futuro” (A Better Future) engage in various businesses such as welding, managing a beauty salon, hair styling, selling new and used clothing, manufacturing, selling sausages, and other trades.

Ninoska is a stylist. She is seated on the first row with a red purse and shoes. Ninoska started working as a stylist four years ago at various beauty salons. She also studied and became specialized. Ninoska is grateful that she does not have any problems with her work or her family. She will use her loan to buy and replace her work equipment since she has many more clients.

Ninoska is very pleased and is optimistic that everything will turn out well. What she enjoys most about working with Fondo Esperanza is the unconditional support she has received.

View original language description ↓
En el Banco Comunal, Un Mejor Futuro, existen distintos rubros como soldadura, peluquería, estilistas, venta de ropa nueva y usada, fabricación y venta de longanizas, entre otros, y Ninoska, que está sentada en primera fila con cartera y zapatos rojos, es estilista. Ella empezó a trabajar como estilista hace cuatro años y empezó trabajando en distintas peluquerías, además de haber estudiado y haberse especializado. Agradece el no tener problemas en su trabajo ni en su familia. Ella ocupará el dinero en comprar y renovar sus implementos de trabajo para tener muchos más clientes. Está muy contenta y pensando positivo en que todo le saldrá bien. Y lo que más le ha gustado de trabajar con Fondo Esperanza es que la han apoyado incondicionalmente.

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
  • 472.2
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Un Mejor Futuro Group's $4,375 loan helped a member to buy new equipment for her work.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Apr 11, 2013
Apr 28, 2013
Currency Exchange Loss:
Aug 17, 2013