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Bordemar Group
In this Group: Luis Alberto, Silvia Margot, Mauricio Alejandro, Ana Cecilia, Maria Doraliza, Melisa Karin, Juana Rosa, Eva Maria, Antonio Fernando, Natali Beatris, Andrea Paola, Bernardino Segundo, Berta Magriela, Lea Soledad, Dina Del Carmen, Nadia Margot, Olga Margot
“Bordemar” is a Communal Bank that is located in the municipality of Castro in Chiloé Province, which is located in Region X in Chile. The members engage in different businesses such as selling traditional food, making woven items for others, selling new clothes made of wool, raising livestock, growing flowers, operating mini-markets, and operating a perfume shop.

Melisa has a perfume shop. She is the Communal Bank member who is fair-skinned and seated below the two women wearing red jackets. Melisa started her business three years ago by asking different perfume companies to send her samples. She also requested help with the chemicals she needed to create her own fragrance. Melisa has never experienced problems with her business, so she is very pleased.

She will use this loan to buy more essences and glass. Melisa is happy because she knows she will experience a good loan cycle since she expects to do very well with her sales. What she enjoys most about working with Fondo Esperanza is the unconditional support she has received. She is also able to learn about different trades and receive mutual support from her group. As a result, all of the members are able to help one another move forward.

View original language description ↓
Bordemar, es un Banco Comunal ubicado en la comuna de Castro, provincia de Chiloé X Región de Chile, en donde sus socios tiene diferentes negocios como lo son la venta de comida típicas, de tejidos hechos por ellos, venta de ropa nueva, y hecha de lana, engorde de animales, siembra de flores, mini supermercados, y taller de perfumes, este taller pertenece a Melisa, quien esta al fondo entre dos mujeres de chaqueta roja y es rubia, es socia de este banco, ella comenzó hace tres años en su negocio, juntando y solicitando a distintas firmas de perfumes que le enviaran muestras, además de solicitar ayuda a aun químico para que pudiera crear su propia fragancia, jamás ha tenido problemas en su negocio, lo que la mantiene muy contenta. Ocupará este crédito en comprar más esencias y además vidrio, está feliz porque sabe que será un excelente ciclo y le irá muy bien con la venta. Lo que más le ha gustado de trabajar junto a Fondo Esperanza es el apoyo incondicional que se le entrega además de poder conocer los distintos rubros en los que también como grupo se apoyan mutuamente y se ayudan así todos podrás salir adelante.

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
  • 478.0
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Bordemar Group's $5,000 loan helped a member to buy essences and glass for making perfumes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Apr 30, 2013
May 19, 2013
Currency Exchange Loss:
Sep 19, 2013