Patricio (who appears in the photo in a pale brown jumper just below the 'ARTEMAPUCHE' sign) lives in Villarica, IX region of Araucanía, where he is a member of the Paso de Guerrero communal bank. The members of the bank are all in business but sell different things such as wool, firewood, food, empanadas [typical pastry snack], doughnuts and various types of crafts.
Patricio has a shop where he sells Mapuche crafts, blankets and wools. He started his business 10 years ago with a lot of personal sacrifice, selling woven goods which is what he likes best. He has always had challenges but what he really wants and longs for is to have the option of having a place of his own, to be the owner of a piece of land where he can have his business and not have to rent.
With the loan he is asking for he needs to buy wool to make his weavings and blankets and baskets made from wicker and 'boqui' [a type of creeping plant whose stems are woven into baskets]. He hopes everything will go well for him with this loan, as he has had a lot of orders and that makes him very happy. What he likes most about working with Fondo Esperanza is the trust they place in people.
Patricio, (quien aparece en la fotografía de sweater café claro y justo debajo del cartel que dice ARTEMAPUCHE), vive en Villarrica, IX Región de la Araucanía, en donde forma parte del Banco Comunal Paso del Guerrero. Los socios de este Banco son todos comerciantes pero de distintos rubros como lo son la venta de lana, leña, comida, empanadas, calzones rotos y artesanías varias. Patricio tiene una tienda, en la que vende artesanía mapuche, frazadas y lanas, comenzó su negocio hace 10 años con mucho sacrificio y vendiendo telares que es lo que más le gusta. Desafíos siempre ha tenido, pero lo que más quiere y anhela es poder tener la opción de tener un lugar propio, ser dueño de un terreno para poder tener su negocio y no tener que arrendar. Con el crédito que está solicitando debe comprar lana para poder hacer sus telares y frazadas, canastos de mimbre y de boqui. Espera que en este ciclo le vaya muy bien, ya que ha tenido bastantes pedidos y eso lo mantiene muy contento. Lo que más le gusta de trabajar con Fondo Esperanza ha sido la confianza que se tiene con la gente.
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.