Check out some available loans that are similar to this one!
Teccia is a member of the communal bank named "Newen" in the city of Penco.

She sells pastries, tobacco products, and ice cream from a store. She rents this store and it is located in the downtown area of the city of Concepcion. Teccia has been in this business for 7 years. Her sales in general have declined and it is a challenge for her business. The profit she earns from the sale of her products is only enough to purchase her daily merchandise.

She purchases her merchandise directly from providers, wholesale markets and distributors. With this loan she will purchase ice cream, cigarettes, and pastry products. Her goal for her business is to supply her store with merchandise. But in order to meet her objective she needs to have greater income with which to reinvest.

Teccia lives with one of her aunts and her eldest sister. She sent her nieces and nephews to school when her sister changed address.

Her dream is to travel and to see other countries (cities and countries outside of Chile).

Her motivation to keep up her business rests on helping her nieces and nephews socio-economically. Teccia is very happy and very thankful for the loan and for the support granted to her by Fondo Esperanza (Kiva Field Partner). She has also gotten to know very friend people through the meetings and she has been able to share experiences. With respect to the training provided at each meeting it has helped her reinforce her knowledge of sales. She has managed to successfully integrate this knowledge into the management and operation of her business.

Penco is a nearby community to the city of Concepcion in southern Chile, in the region of Biobio. The name comes from the Mapudungun language, meaning "Peumo water". (Peumo is a tree native to Chile). It is one of the largest communities in the region, having industrial centers and a sea port.
View original language description ↓
Teccia forma parte del banco comunal “Newen” perteneciente a la ciudad de Penco.
Ella se dedica a vender artículos de confitería, tabaquería y heladería en un bazar, éste local lo arrienda en el centro de la ciudad de Concepción. Teccia se dedica a éste rubro desde hace 7 años. Sin embargo las ventas en general han disminuido, lo que es desfavorable para su negocio, en la actualidad vende sus productos sólo para comprar mercadería diariamente.
Su mercadería la compra directamente a proveedores, supermercados mayoristas y distribuidoras.
Con el préstamo comprará helados, cigarrillos y mercadería de confitería.
Sus metas en su negocio son abastecer su bazar de mercadería, sin embargo para concretar éste proyecto es necesario contar con mayores ingresos para poder invertir.
Teccia vive junto a unas tías y su hermana mayor. Ella educó a sus sobrinos, ya que su hermana se cambió de domicilio.
Su sueño es viajar y conocer el extranjero (ciudades y países fuera de Chile).
Sus motivaciones de continuar con el negocio son para ayudar a sus sobrinos socioeconómicamente.
Teccia está muy contenta y agradecida del crédito y apoyo otorgado por Fondo Esperanza, además a través de las reuniones, ha conocido personas muy agradables y ha logrado compartir experiencias. Respecto a los cursos impartidos en cada reunión ha reforzado sus conocimientos en ventas lo que ha logrado integrar en la gestión y operación de su negocio de manera favorable.
Penco es una comuna cercana a la ciudad de Concepción, al sur de Chile, región del Bíobío. Su nombre viene del mapudungun y significa "agua de peumo". Es una de las comunas con mayor cantidad de habitantes en la región. Cuenta con centros industriales y un puerto.

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.

About Chile

  • $19,100
    Average annual income
  • 0
    View loans »
    Chile Loans Fundraising
  • $2,637,700
    Funds lent in using Kiva
  • 462.6
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Teccia to purchase ice cream, cigarettes, and pastry products.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Apr 18, 2011
May 4, 2011
Currency Exchange Loss:
Oct 15, 2011