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Las Abejas Reinas Group
In this Group: Elsa Maritza, Pradelina Ester, Jerly Mabel, Jessyca Marisel, Jacqueline Margot, Marcela Andrea, Claudio Antonio, Aida Judith, Olaya Belen, Gertty Carmen, Maria Graciela, Esmerita Del Carmen, Jose Luis Andres, Corina Del Carmen, Mitilina Margot
Jose Luis appears in the photograph in a crouched position, wearing a blue sweater, and with his hand on his chin. He is a member of the Communal Bank “Las Abejas Reinas” (The Queen Bees), a group that is located in Villarrica in the province of Catín, Region 9 of Chile. Some members of this Communal Bank are taxi drivers, sell clothes, or practice massage therapy.

Jose Luis has been selling clothes for four months. He started his business one day by traveling to Santiago with a little bit of money. Jose Luis decided to try his luck by purchasing a few clothes and did very well selling them in Villarrica, which resulted in the start of his business. He has not experienced any huge problems since he also has a stable job, but his only concern is that he has had a few customers who have not paid on the agreed due date.

The money he is requesting will be used to buy more clothes. He believes he will do very well with selling clothes since he already has customers who are requesting more of his merchandise. What he enjoys most about this work is that he gets the opportunity to meet people who have the same interests in getting ahead.

View original language description ↓
Jose Luis, quien en la fotografía aparece agachado, de sweater azul y con su mano en el mentón, es socio del Banco Comunal Las Abejas Reinas, que está ubicado en Villarrica en la provincia de Catín, IX Región de Chile. Algunos de los rubros de este Banco Comunal son taxista, venta de ropa y masajista. Jose Luis vende ropa, hace 4 meses, y comenzó a hacerlo ya que un día viajó a Santiago y tenía un poco de dinero decidió probar suerte compro un poco de ropa y le fue muy bien vendiéndola en Villarrica, así que decidió comenzar a hacerlo. No ha tenido grandes problemas, ya que también tiene un trabajo estable, solo le ha pasado que algunos clientes no le han pagado en la fecha pactada. El dinero que solicita lo ocupará para comprar más ropa. Cree que le irá muy bien en la venta de ropa ya que se ha hecho de clientes, los cuales le han solicitado más ropa. Lo que más le ha gustado de trabajar es tener la oportunidad de encontrar personas con sus mismos intereses de salir adelante.

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
  • 514.5
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Abejas Reinas Group's $4,050 loan helped a member to buy clothes to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jul 31, 2013
Sep 23, 2013
Currency Exchange Loss:
Dec 17, 2013