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Los Pellines Group
In this Group: Arismendi Dominguez, Bahamonde Saldivia, Maldonado Montero, Gomez Soto, Gonzalez Altamirano, Hennings Aravena, Levitureo Mansilla, Soto Soto, Contreras Ebner, Godoy Sepulveda, Santana Nail, Vera Barria, Asencio Ruiz, Ojeda Vargas, Pinda Carcamo
Ana, the fourth person standing from the left with her eyes closed and a big smile, is a member of the 'Pellines de Castro' communal bank from Chiloé province in the Los Rios region. The members are involved in several trades, including seafood, agricultural products and 'minimarkets' (convenience stores).

Ana has a minimarket business which she started 4 years ago. It was an investment she made with severance money received from a previous job. Before leaving her job, she had decided that she wanted to work for herself and spend more time at home. She tells us that at the time she was only able to buy a carton of eggs, some drinks and some candy. She has recently experienced some difficulties as the winter has been very harsh, leading to increased unemployment and therefore her sales have not increased much, however she remains hopeful that everything will work out.

Ana is seeking this loan to purchase ice creams and beverages to stock her store, and believes that her business to do very well. What Ana likes most about working with Fondo Esperanza is meeting others with similar interests, and also getting to know her fellow members in the communal bank.
View original language description ↓
Ana, quien es la cuarta persona de izquierda a derecha que están de pie, ojos cerrados y con una gran sonrisa, es socia del Banco Comunal Los Pellines de Castro, ubicada en la provincia de Chiloé, de la Región de los Rios. En este banco hay distintos rubros dentro de los cuales destacan el comercio de productos del mar, productos agrícolas y minimarket. Ana tiene un minimarket hace 4 años. Fue una inversión que hizo con un finiquito que le dieron por el término de un trabajo, y ante lo cual decidió, dejar de trabajar para demás personas y también tener más tiempo en su casa, cuenta que solo pudo comprar una caja de huevos algunas bebidas y algunos confites. Este último tiempo ha tenido problemas ya que el invierno ha sido muy fuerte en su sector por lo cual ha ayudado a que la cesantía aumente y así las compras en su negocio no suban tanto, pero ella esta esperanzada en que todo se arreglará. Solicitará el dinero para poder abastecer su negocio en helados y bebidas, y espera que le vaya muy bien. Lo que más le ha gustado de poder trabajar junto a Fondo Esperanza es el hecho de encontrar gente tiene sus mimos intereses y así también poder conocer más a los socios que componen el Banco Comunal.

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
  • $2,587,775
    Funds lent in using Kiva
  • 514.5
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Los Pellines Group's $3,650 loan helped a member to purchase soft drinks and ice creams.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 31, 2013
Listed
Aug 23, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013