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Bordemar Group
In this Group: Cecilia Del Carmen, Silvia Margot, Mauricio Alejandro, Melisa Karin, Mariana Soledad, Eva Maria, Rosa Del Carmen, Aurelia Del Carmen, Antonio Fernando, Bernarda Jeannette, Berta Magriela, Nadia Margot, Norma Isabel, Olga Margot, Blanca Del Carmen, Estelvina Del Carmen, Lea Soledad, Ana Cecilia, Gloria Andrea, Natali Beatris
Lea's standing up at the right of the photograph and wearing a multi-colored scarf. She belongs to Bordemar Communal Bank, located in Castro, a community in Chiloé, in the Los Lagos region. This communal bank has different areas, a few of which stand out: book sales, knitting, perfume sales, clothing sales, accessories, and jewelry.

Lea knits and makes crafts out of EVA foam and quilted cushions. She started about 15 years ago and learned from her mother and aunts, because all of them knit. She says it's in her blood. She also has participated in a variety of workshops in which she has learned different techniques. She says she hasn't had major problems because she has always been very organized with her money.

With the money she's requesting she plans to buy wool. She'll also save a little because later, in November, people always ask her to make flowers out of EVA foam.

She's very happy, and sure that this new loan cycle will go very well for her because at the moment she already has a few customer requests. What she has enjoyed most about being able to work with Fondo Esperanza is meeting people as responsible as she is and who support and help each other.
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Lea, quien aparece parada y con una bufanda de colores al costado derecho de la fotografía, pertenece al Banco Comunal Bordemar, el cual se ubica en Castro, que es una comuna de Chiloé, de la Región de los Lagos. Este Banco Comunal tiene diferentes rubros dentro de los cuales cabe destacar la venta de libros, tejidos, venta de perfumes, venta de ropa, accesorios y joyas. Lea teje y hace manualidades de goma eva y cojines con la técnica de Capitoné, comenzó hace aproximadamente 15 años y aprendió de su madre y tías, ya que todas son tejedoras, ella dice que lo llevan en la sangre. Además ha participado de diversos talleres en donde ha aprendido variadas técnicas. Comenta que no ha tenido mayores problemas, ya que siempre ha sido muy ordenada con su dinero. Con el dinero que está solicitando pretende comprar lana, y además guardar un poco ya que más adelante, en noviembre, siempre le solicitan poder hacer flores de Goma eva. Está muy contenta y segura de que le irá muy bien en este nuevo ciclo ya que hasta el momento ya tiene algunos pedidos de algunas clientas. Lo que más le ha gustado de poder trabajar junto a Fondo Esperanza es el hecho de encontrarse con gente que es tan responsable como ella, en donde todas se apoyan y ayudan.

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
  • 512.5
    Chile Pesos (CLP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Bordemar Group's $6,075 loan helped a member to buy wool and EVA foam.
99% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 26, 2013
Listed
Aug 31, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014