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Sobre Ruedas Group
In this Group: Juan Segundo Alamiro, Marco Antonio, Ruben Dario, Hilda Del Rosario, Erwin Hernaldo, Rodrigo Fernando, Lorenzo Agustin, Florencio Ismael, Hector Florencio, Iris Felicita, Deni Luis, Yanetto, Leslie Adrian, Monica Cecilia, Jorge Eugenio, Pablo Andres, Felipe Ignacio, Victor Ivan, Karen Stefany
The banking group "Sobre Ruedas de Villarrica", located in the region of Araucanía, Chile, is composed of members working in a variety of businesses, including the sale of fruits and vegetables.

Florencio, located on the extreme right of the photo (with his hands in his pockets and wearing a green sweater), works selling basic provisions and fruits. He began his business 6 years ago. Previously, Florencio worked as a carpenter, but because people were very inconsistent with their payments he preferred to start a more profitable business which would also enable him to spend more time at home with his wife. He bought the necessary equipment he needed and also bought himself a small truck with which he can transport the merchandise that he buys. Right now, Florencio needs a loan in order to buy more merchandise to stock his business. He expects that he will have good sales, as he already has a strong client base.

Florencio has really enjoyed working with the Fondo Esperanza, as it is the monetary support he has received that has enabled him to have the financial security he now enjoys, as well as the ability to buy the merchandise that he needs.
View original language description ↓
En el Banco Comunal Sobre Ruedas de Villarrica, Región de la Araucanía de Chile, se ubica este Banco Comunal en el cual sus socios tienes rubros como colectivos y venta de frutas y verduras, Florencio, que está ubicado al extremo derecho de la foto con su mano en el bolsillo y sweater verde, se dedica a la venta de provisiones y frutas. Comenzó hace 6 años con su negocio, porque antes trabajo como maestro carpintero, pero la gente no fue constante con los pagos de los trabajos que hacía, así que prefirió colocar un negocio más rentable y en donde pudiera estar más tiempo con su señora, así que se consiguió dinero y pudo empezar con su negocio, compro maquinas y hasta pudo acceder a comprarse una camioneta para el traslado de la mercadería que compraba, pero él necesita dinero para comprar más mercadería e insumos para su negocio. Espera que tenga una buena venta, ya que tiene su clientela, y lo que más le ha gustado de poder trabajara junto a Fondo Esperanza es la ayuda monetaria que dan ya que así puede optar a tener algo seguro de dinero y contar con ello para comprar la mercadería que necesita.

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
  • $2,637,700
    Funds lent in using Kiva
  • 503.3
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Sobre Ruedas Group's $5,525 loan helped a member to buy merchandise to stock his business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jun 19, 2013
Jul 5, 2013
Currency Exchange Loss:
Nov 17, 2013