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Las Picaflores Group
In this Group: Marcela, Débora, Edith , Inés, Gladys, Eliana, Bryan , Magdalena, Marjorie, Rosa, Gladys, Evelyn , María, Ingrid, Mirta, Ruth
The communal bank, “Las Picaflores”, consists of 16 entrepreneurs from the Padre Las Casas district. These individuals' livelihoods consist of sales: including pastries, chocolates, jewellery, cosmetics, perfumes, and sales of used and new clothing items.

Marcela is the secretary of this group. Marcela can be found in the photo, seated in the first row and in the first seat from left to right. Marcela makes baked goods from her house based on orders placed. Marcela’s most requested item is her fruit tart with whip cream. With this loan, Marcela plans to purchase flour, sugar, eggs, decorating moulds, along with additional ingredients for tarts. Marcela’s dream is to have a pastry shop with industrial ovens located in the same sector where she lives. Marcela’s motivation stems from her daughter, a nine year old, and to pay for her future studies. Marcela is happy to work with Fondo Esperanza, due to the loans that she has received and the coexistence she shares with her fellow group members, those who share their experiences and crafts.

Padre de Las Casas is a municipality to the south of Santiago (the capital of Chile), in the city of Temuco, Araucanía Region. Padre de Las Casas municipality was named in honour of the Spanish priest Bartolomé de Las Casas, who defended the indigenous during the conquest of the America. There is still a large Mapuche population in this community. Its economy is based in agri-business and commercial services.

Additional Information

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
  • 503.9
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Picaflores Group's $2,750 loan helped a member to purchase ingredients for tarts.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Aug 26, 2010
Sep 8, 2010
Currency Exchange Loss:
Jan 15, 2011