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Porvenir Group
In this Group: Leonardo, Jacqueline, Patricia, Angela, Rosa , Sandra, Filomena, Iluminada, Nancy, Carmen, Carolina, Raul, Hugo, Elena, Tiare, Silvia, Yany
This communal bank is called “Porvenir” ["Future"]. It is made up of 17 entrepreneurs who dedicate themselves to different lines of work, including pastry making, dressmaking, used clothing sales, fresh bread sales, textile handicrafts, jewelry and accessory sales, bonsai crafts, and services, among others. All of them live in the city of San Fernando.

Leonardo is the president of the communal bank group. In the photo, he is in the row of people standing, the first one going from right to left, dressed in a gray jacket and light colored pants, and with short hair.

He works providing unisex hair salon services, only cutting and styling. He has operated this business for 26 years, and he works alone from Monday through Saturday.

He buys the supplies he needs from a shopping center near his location which specializes in selling beauty products, and he buys the equipment he needs for his hair salon in the city of Santiago.

With the loan, he will buy equipment for cutting hair as well as a hair dryer for his business. His goals for his business are to provide the same service but of higher quality with better infrastructure for his customers.

Leonardo lives alone, and one of his dreams is to be able to fix up his house. He is very happy and grateful for the opportunity provided to him by the Esperanza Fund to invest in his business. He also feels very comfortable with the group in which he participates, since they are united and have confidence in each other.

San Fernando is a city located in the Liberator General Bernardo O'Higgins Region, in the central part of Chile. The city's economic activity is mainly centered on agriculture (vineyards, beet growing, fruit orchards, tobacco, wheat and traditional crops), agroindustry (companies exporting fruit, preserves, dairy products, etc.), and trade.
View original language description ↓
Este Banco Comunal se llama “Porvenir” está conformado por 17 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; Repostería, confección, venta de ropa usada, venta de pan amasado, Artesanía en tejidos, venta de accesorios en joyas, artesanía en bonsai, servicios entre otros. Todos ellos pertenecientes a la ciudad de San Fernando.
Leonardo, presidente del grupo del Banco Comunal, quien en la foto se encuentra de pie en la primera fila, ocupando el primer lugar de derecha a izquierda, viste con una chaqueta color gris, pantalón blanco, su cabello lo usa corto.
El se dedica al rubro de la peluquería unisex, solo corta y peina, se ocupa de este negocio hace 26 años en el cual trabaja solo de lunes a sábado.
La mercadería que va necesitando la compra en un centro comercial que se especializa en vender productos de belleza cercano a su localidad, y en la ciudad de Santiago compra las maquinas que necesita para su peluquería.
Con el crédito comprará maquinas para cortar cabellos, secador de pelo para su negocio.
Las metas en su negocio son prestar el mismo servicio pero de mejor calidad con mejor implementación para sus clientes.
Leonardo vive solo y uno de sus sueños es poder arreglar su casa.
El está muy contento y agradecido por la oportunidad que le ha brindado Fondo Esperanza para invertir en su negocio. Además se siente muy cómodo con el grupo que participa, ya que son unidos, existe confianza.
San Fernando es una ciudad ubicada en la región del Libertador General Bernardo O´Higgins, zona centro de Chile. La actividad económica de la ciudad se basa principalmente en la agricultura (viñedos, cultivo de remolacha, frutales, tabaco, trigo y cultivo tradicional), la agroindustria (empresas exportadoras de frutas, conserveras, de lácteos, etc.) y el comercio.

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
  • 485.0
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Porvenir Group's $5,175 loan helped a member to buy haircutting equipment and a hair dryer for his business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Apr 25, 2012
May 17, 2012
Currency Exchange Loss:
Sep 18, 2012