The Communal Bank Huaihuen practices different trades such as craftwork, fishing, working with frozen items or jams, and horticulture, which is María's business. She is located on the right side of the picture with a pink scarf. She is white and has wavy hair.
María sells jams and raspberries, and a year ago, in her greenhouse, she began a business selling vegetables. With this business, she can provide for her home. The problem she has had is with the climate, since - as happens in all places where it rains frequently - she has not been able to cultivate much.
She will use the loan she is granted to buy wood, supplies and a hualato, which serves to move dirt. She hopes that it goes very well for her, since she is thinking of only selling raspberries and jams, and if the climate is good she can also sell her vegetables.
She is happy that she has been able to find people who share her interests and desire to rise up, and also the access to help that Fondo Esperanza has facilitated for people who do not have any way to obtain money.
En el Banco Comunal Huaihuen encontramos distintos rubros como lo son artesanía, pescadores, congelados, mermeladas y la horticultura que es el negocio de María, se encuentra al costado derecho de la foto con un pañuelo rosado es blanca y de pelo ondeado, María también vende mermeladas y frambuesas, y en su invernadero comenzó hace un año su negocio de venta de verduras, de esta manera pueda aportar para su hogar. El problema que ha tenido es el clima ya que como con lugares en lo que frecuenta llover no ha podido cultivar mucho. Ocupará el crédito que se le otorgará en poder comprar madera, insumos y hualato, que sirve para mover la tierra. Ella espera que le vaya muy bien, ya que solo piensa en vender frambuesas y mermeladas, y si el clima está bien, podrá vender sus verduras. Esta feliz, ya que ha podido encontrar gente con la cual tiene los mismo intereses y ganas de surgir, y además de la ayuda que le ha facilitado Fondo Esperanza a gente que no tiene como conseguir dinero.
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.