Entre Amigos Group
Paola has a business where she sells second-hand shoes. She has been running this business for twenty years, although its orientation has changed during this time. But she has always had her business, and she has always been a merchandiser. She has not had any problems nor faced any challenges.
She will use the loan to buy medicinal herbs, since she would like to buy or rent a hectare where she can plant her herbs and then sell them in her shop. She hopes that she will be very successful with this project. What she has appreciated the most about working with Fondo Esperanza is its willingness to work and the enthusiasm it transfers to its members while they are learning.
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 EsperanzaFondo 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
Loan tags help lenders find loans that match certain areas of interest. You can add up to 5 tags for this loan.
0View loans »
Success!! The loan was 100% repaid