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El Esfuerzo Unido Group
In this Group: Jessica Alejandra, Manuel, Carolina Petronila, Raúl Ignacio, Clodomiro Tomás, Marco Antonio, Patricia Andrea, Valeria Alejandra, Marcela Pilar, Sandra Yamilett, Jacqueline Del Carmen, Nelda Irene, Angélica Del Carmen, Carla Andrea, Veronica Carmen, Virginia Del Carmen, Marta Elena, Mirna Cecilia
In the El Esfuerzo Unido [United Effort] Communal Bank, which is located in Concepción, in the VIII region of Chile, there are various businesses such as: used clothing sales, food sales, and sales in markets. One of the group members is Marcela, who appears in the right of the photo in the black leather jacket, standing between two men. She sells used clothing and other items in a market. She started her business about six years ago, and she did so because one day she went with her parents to sell and she really enjoyed the atmosphere. She tells us that she has not had any major problems with her business. However, she says that when the earthquake struck in 2010 she had had an established business, but it was ransacked and she lost a lot of merchandise, which left her greatly affected.
She will use this loan to buy more merchandise for her business, so that she can save up money and firmly establish her business. She hopes that this new cycle will go very well for her. What she has always most enjoyed about working with Fondo Esperanza is that they trust and help people.
View original language description ↓
En el Banco Comunal El Esfuerzo Unido, que está ubicado en Concepción, VIII región de Chile, hay variados negocios como lo son la venta de ropa usada, venta de comida y venta en ferias libres. Una de las socias es Marcela, que aparece al costado derecho de la fotografía con chaqueta de cuero negra, y entre dos hombres, ella vende ropa y cosas usadas en la feria libre. Hace mas o menos unos 6 años que comenzó con su negocio, y lo hizo porque un día acompaño a sus padres a vender y le gusto mucho el buen ambiente que había. Nos cuenta que no ha tenido grandes problemas dentro de su negocio, lo que si nos cuenta que cuando ocurrió el terremoto el año 2010, ella tenía un negocio establecido en un local, pero se lo saquearon y ella perdió además mucha mercadería, lo cual la dejo muy afectada. El préstamo que está solicitando lo ocupará para comprar más mercadería para su negocio y así poder ahorrar dinero y poder establecerse otra vez con su negocio, y por ende espera que le vaya muy bien en este nuevo ciclo. Y lo que más le ha gustado de trabajar con Fondo Esperanza es que confían en las personas y las ayudan.

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
  • 478.0
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of El Esfuerzo Unido Group's $2,725 loan helped a member to buy supplies for her business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Apr 30, 2013
May 18, 2013
Currency Exchange Loss:
Sep 19, 2013