Newen Tragün Group
Zunilda, who is our interviewee, tells us that she has a little food cart, and she also sells handicrafts. She tells us that she started her business approximately 11 years ago, and that she learned everything from her culture, the mapuche culture. There was always present in her life crocheting, weaving, making handicrafts, and cooking typical foods, as well as having a stove where she brought to life the meals of Chile. She also teaches free classes to those who want to learn the trade. She has had many problems getting ahead because on the way she has lost her mother, her husband, and her son. In addition to being alone caring for her land, her siblings decided to leave to live in the city, looking for more work, and they abandoned her. This is why she has had to work alone and care for her land alone. Also, she has not had the water she needs because where she lives there is not plumbing for water. The only thing to do is go look for it in the lakes or take it out of wells. This is why her business has been affected. Because of this, she has to leave her land and go live somewhere else. With the loan that she will receive, she will be able to buy more supplies for her business such as wool and supplies to teach her classes for free. She hopes that things will go very well for her business even though she has to relocate. She knows that it could go very well for her. She has greatly enjoyed working with Kiva partner Fondo Esperanza for the loans she has requested and the responsibility of working with them.
**Translator's note: The advertisement in the background of the photo says "To know that you help me, for me is a miracle."
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 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
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Success!! The loan was 100% repaid