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Fortaleciendo Familias Group
In this Group: Virginia , Rodemil , Luz, Yasna , Mónica, Héctor, Mirta, Isolina, Regina, Verónica, Mercedes, Olga, Nancy, Olga, Cristina, Celestina, Ximena, Gabriel, Lucila, Karen
This community bank is called “Strengthening Families” and it is made up of twenty members that live in the city of Villarica. Each member has a different occupation such as selling firewood, groceries, used and new clothes, etc.
Virginia is the president of the bank. You can see her in the front line in the photo. She is the second one on the right. She has short hair, wears glasses and is kneeling a bit. She works buying and selling firewood. She also transports and distributes firewood in her pick-up truck to her customers, of which there are many.
With this loan she will buy more firewood, which she buys in the rural sector, more specifically, in the countryside.
Her goal is to move to a new house, as she lives five kilometers outside of Villarica. This causes difficulties in her daily life, as she has to commute in her truck and pay for all of these expenses. Nevertheless she would like to continue with her business, as it allows her to generate earnings and thus reach her goals.
Virginia is thankful for the loan that will be provided from a long distance. She is very happy with the meetings at the bank as they are very nice and she enjoys the company of the other business people.
Villarica is a city in southern Chile, located in the Araucania region. It is a small city but it has basic and tourist services. It is one of the main centers of the lumber industry and is a tourist attraction as it is near Pucón (where there is a famous lake and the Villarica volcano). During the summer months there are numerous activities and cultural, artistic and sporting events. Also it is a popular spot for ecotourism, adventure tourism and ethno tourism.
View original language description ↓
Éste banco comunal se llama “Fortaleciendo Familias” y está conformado por 20 socios, pertenecientes a la ciudad de Villarrica. Todos ellos se dedican a diferentes rubros, específicamente, la venta de leña, abarrotes, ropa usada y nueva.
Virginia es la presidenta del banco y se encuentra en la foto en la primera fila, segunda del lado derecho, tiene cabello corto, usa anteojos y está un poco inclinada. Ella se dedica a la picaduría y venta de leña. Además transporta y distribuye la leña en su camioneta a sus clientes, que son muchos.
Con éste préstamo comprará más leña, que la adquiere de los sectores rurales, en el campo específicamente.
Sus metas son cambiarse de domicilio, ya que vive a 5 mil kilómetros de Villarrica, lo que le dificulta en su vida cotidiana, ya que debe trasladarse en camioneta y se encarecen todos sus gastos. Por ende sus motivaciones de continuar con el negocio, ya que éste le permitirá generar más ganancias y por ende concretará su proyecto.
Virginia está muy agradecida del crédito obtenido por Fondo esperanza, además se siente muy contenta con las reuniones, ya que son muy amenas y disfruta mucho de la compañía de los demás emprendedores.
Villarrica es una ciudad al sur de Chile, ubicada en la región de La Araucanía. Es una ciudad pequeña, pero cuenta con todos los servicios básicos y turísticos, siendo uno de los principales centros de servicios del área cordillerana y principal centro turístico de la región, junto con Pucón. Durante los meses de verano se realizan numerosas actividades y eventos culturales, artísticos y deportivos, Además de las innumerables alternativas de Ecoturismo, Turismo Aventura y Etnoturismo.

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
  • 480.9
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Fortaleciendo Familias Group's $4,000 loan helped a member to buy fuel/firewood.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Mar 16, 2011
Mar 22, 2011
Currency Exchange Loss:
Jul 15, 2011