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Guerreros De La Fe Y Esperanza Group
In this Group: Paulina Del Carmen, Marisel Del Carmen, Marcela Miriam, Vanessa Maria, Carmen Gloria, Carolina Andrea, Carmen Patricia, Yasna Romina, Zunilda Ester, Ruth Eliana, Eliana Del Carmen, Patricia Marlene, Carmen Gloria, Evelyn Fabiola, Patricia Betsabe, Francisca Javiera, Cristopher Alejandro, Myriam Marlene
Ruth, who is on the left of the photo with the purple scarf and a folder in her hand, belongs to the Guerreros de la Fe y Esperanza Communal Bank. The businesses of the members include: seafood; new clothing; and toilet paper and personal hygiene products. Ruth sells socks and stockings in the market. She started her business a short time ago at the encouragement of a friend who helped her to start it up. She has not had problems with her business. She will use this loan to buy more merchandise for her business. She hopes that it will go very well for her. What she has most enjoyed about working with Fondo Esperanza has been the responsibility she has taken on, the incentive to work in her business, and the fact that she is given the necessary tools to get ahead.
View original language description ↓
Ruth, que se encuentra al costado izquierdo de la foto con una bufanda morada y con carpeta en mano, pertenece al Banco Comunal Guerreros de la Fe y la Esperanza, dentro del cual, hay negocios tales como la venta de mariscos, ropa nueva, papel higiénico y artículos de aseo, y Ruth vende calcetas y medias en la feria libre. Ella comenzó con su negocio hace poco, incitada por un amigo que le ayudo a emprender con este negocio. No ha tenido problemas con su negocio. El préstamo que ha solicitado lo ocupará para comprar más mercadería para su negocio, con este dinero espera que le vaya muy bien. Lo que más le ha gustado de trabajar con Fondo Esperanza ha sido la responsabilidad con la que la han acogido, y que la incentiven a trabajar en su negocio y le entreguen las herramientas necesarias para 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
  • 487.0
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Guerreros De La Fe Y Esperanza Group's $3,450 loan helped a member to buy socks and stockings for her business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2013
Listed
May 26, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2013