Check out some available loans that are similar to this one!
Mujer Pilar Del Hogar Group
In this Group: Berta Ester, Mariela Alejandra, Maria Ines, Leonor Alejandra, Ximena Alejandra, Soledad Eugenia, Teolinda Nelly, Carmen Gloria, Leonor Nelida, Sandra De Las Mercedes, Elizabeth De Las Nieves, Katherine Elena, Yesenia Ester, Johana Del Pilar, Flor Noemi, Edith Andrea
Elizabeth is a member of the community bank "Mujer Pilar del Hogar" in Arauco, Chile - in the photograph, she is standing third from the left with a black shirt and a big smile. The members of this bank have a wide variety of businesses, including running shops, selling new and used clothing, sewing, putting on children's and birthday shows, and selling silver jewelry. There have been few problems, only some members who fall behind in their payments, but they always pay eventually.

Elizabeth's business is selling undergarments by catalog and selling other clothing for men, women, and children. She began her business in 2009 thanks to some friends that helped her when she was out of work. They started her off selling undergarments by catalog, which allowed her to get ahead and do well.The money Elizabeth is requesting will be used to buy men's, women's, and children's clothing, as well as a catalog of undergarments. She knows it will go very well for her despite her limited customer base because her customers are loyal. The thing she's liked best about working with Fondo Esperanza is that she knows she is not alone with her loan, but instead she has training that will help her expand her business.
View original language description ↓
Elizabeth, quien en la fotografía aparece de pie de izquierda a derecha es la tercera y esta con una polera negra y una gran sonrisa, es socia del Banco Comunal Mujer pilar del Hogar de Arauco. Los socios de este banco tienen diversos negocios tales como almacenes, venta de ropa nueva y usada, costuras, show infantiles y para cumpleaños, y venta de joyas de plata. Elizabeth tiene un negocio de venta de ropa interior por catálogo y venta de ropa de hombre, mujer y niños, comenzó con su negocio el año 2009 gracias a unas amigas que la ayudaron porque no tenía trabajo y la instaron a vender ropa interior por catálogo, lo que hizo que pudiera salir adelante y le fue muy bien. Ha tenido pocos problemas solo algunas socias que se han atrasado con sus pagos, pero que finalmente siempre pagan. El dinero que está solicitando es para comprar ropa de hombre mujer y niños, además de comprar un catálogo para vender ropa interior. Sabe con mucha seguridad que le irá muy bien ya que a pesar de tiene poca clientela es cliente fiel a Elizabeth. Lo que más le ha gustado de trabajar junto a Fondo Esperanza, es el hecho de encontrarse no solo con el préstamo del dinero si no con capacitaciones que le han ayudado a poder mejorar su negocio.

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
  • 554.1
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Mujer Pilar Del Hogar Group's $7,400 loan helped a member buy new clothes and undergarments for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jan 31, 2014
Feb 12, 2014
Currency Exchange Loss:
Jul 17, 2014