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Manos Al Fuego Group
In this Group: Marisol Alejandra, Paz Lucia Del Pilar, Ester Del Carmen, Veronica Hortencia, Sara Elizabeth, Lorena Del Carmen, Fabian Danilo, Juan Bautista, Hada, Nadia Soledad, Silvana Gioconda, Gladys Elizabeth, Patricia Janette, Judit Emelina, Elsa Emilia
Sara, who appears as the fifth person from the right and left, dressed in pink, is a member of the Manos al Fuego communal bank. The members have businesses such as selling new and used clothing, renting tableware for events, and selling perfumes.

Sara’s business is a bakery and pastry shop. She began it some ten years ago. It was only due to wanting to help in her church that she began to sell cakes and completos (Chilean hot dogs with lots of toppings). When she realized that it was going really well for her, she started to make sales to earn more money. She started to set herself goals, such as getting a bigger oven and a pastry rolling machine, which are her new projects.

With the money that she is asking for, she will be able to buy molds that she needs and supplies such as sugar, flour, chocolate and jellies. What she has liked most about working with Fondo Esperanza is getting to know more people with the same desire to get ahead that she has shown and forming networks with them to help reach her goals.
View original language description ↓
Sara, quien aparece como la quinta persona de derecha a izquierda y de rosado, es socia del Banco Comunal Manos al Fuego en donde sus socios tienen negocios tales como la venta de ropa usada y nueva, arriendo de loza para eventos, venta de perfumes. El negocio de Sara es de repostería y amasandería, el cual comenzó hace unos 10 años y fue solo por querer ayudar en su Iglesia que comenzó a vender queques y completos, como se dio cuenta que le iba muy bien comenzó a vender para tener más dinero y fue como se empezó a colocar metas como el querer tener un horno más grande y una sobadora, los que son sus nuevos proyectos. Con el dinero que está solicitando podrá comprar moldes que necesita e insumos como azúcar, harina, chocolate, mermeladas. Lo que más le ha gustado de poder trabajar junto a Fondo Esperanza es el hecho de encontrar más gente con las mismas ganas de salir adelante que ella ha demostrado y además de poder generar redes que la ayuden a llegar a sus objetivos.

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
  • 529.6
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Manos Al Fuego Group's $3,900 loan helped a member to buy ingredients and molds.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Dec 16, 2013
Jan 3, 2014
Currency Exchange Loss:
May 17, 2014