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Las Pulgas De Ancud Group
In this Group: Maria Sonia, Gloria Patricia, Maria Leonor, Carlina, Viviana Patricia, Marta Alicia, Rosa Elvira, Maria Brijida, Luz Angela, Erika Rosa, Patricia Soledad, Carmen Gloria, Margarita Elena, Rosa Cecilia, Maria Evelyn, Maria Delicia, Maria Jeannette, Inés Del Carmen, Karen Andrea, Leticia Del Carmen, Patricia Antonieta
Carmen Gloria is standing on the right side of the screen, wearing a blue parka with a blue collar. She has a handbag strapped across her body. Carmen Gloria is a member of the Communal Bank “Las Pulgas de Ancud”, which was established in the city of Castro, Chiloé, which is located in Region X of Los Lagos in Chile. The members of this Communal Bank engage in various businesses such as selling used clothing, selling empanadas, making potato pancakes, managing a bazaar, operating a parcel service, making desserts, and producing woven items.

Carmen Gloria started her business of selling used clothing four years ago. With the help of her friends, she was able to overcome her shyness so that she could begin selling products on the street. Thanks to her efforts, she and her friends have been able to rent a small vending stall at the fair. She is very pleased that she has had more success with her business since the extra money means that she can provide a bit more support for her household. The loan she is requesting will be used to buy bundles of used clothing so that she can improve the inventory of merchandise that she offers to her customers. For this reason, Carmen Gloria is very pleased and is confident that she will do well during this period. Among the things that she enjoys most about working with Fondo Esperanza include learning how to invest, how to improve the sale of her products, and how to make purchases so that she can offer the best merchandise to her customers.

View original language description ↓
Carmen Gloria, que esta al costado derecho de la pantalla con una parka azul y cuello celeste y su bolso cruzado, pertenece al Banco Comunal Las Pulgas de Ancud, este banco se formó en la ciudad de Castro, Chiloé ubicado en la X Región de Los Lagos en Chile. Los socios de este Banco tiene diversos negocios tales como venta de ropa usada, venta de empanadas, milcao, bazar, paquetería, repostería, tejidos chilotes, y Carmen Gloria, tiene su negocio de venta de ropa usada que comenzó hace 4 años, junto a sus amistades que le ayudaron a perder la vergüenza de empezar a vender en la calle, ahora gracias a su esfuerzo y junto con amigas han podido arrendar entre todas un pequeño puesto en la feria, está muy contenta de poder contar que ha tenido muchas más éxitos en su negocio, ya que le ha ayudado a poder tener más dinero lo que significa que ha podido aportar un poco más en su hogar. Con el crédito que est6á solicitando podrá comprar fardos de ropa usada y poder empezar a mejorar la mercadería que ofrece a su clientela, es por este que está muy contenta y segura de que le irá muy bien durante este período. Entre las cosas que más le han gustado de trabajar junto a Fondo Esperanza es el hecho de que les puedan enseñar a invertir, y a mejorar la venta de sus productos, aprender a comprar para ofrecer una mejor mercadería a sus clientes.

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 Las Pulgas De Ancud Group's $7,075 loan helped a member to buy bundles of used clothing.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
May 13, 2013
May 28, 2013
Currency Exchange Loss:
Nov 17, 2013