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El Progreso Group
In this Group: Alicia, Fabiola, Marta, Lucy, Maria, Karina, Libertad, Veronica, Claudia, Veronica, Susana, Romina, Margarita, Elena, Nereida
This communal bank is made up of 15 entrepreneurs who work in the field of commerce, specifically: the sale of doughy bread, craft production, food sales, a grocery store, vegetable sales, and other services. They all come from the city of San Antonio. Alicia is seen in the photo in the communal bank centre, wearing blue pants, a black sweater and a brown jacket over that. She is carrying a brown handbag and has straight hair. She works in the field of sewing, making tracksuits for the students in her city. She has worked in this field for 6 years. Her merchanidse is purchased in the city of Santiago because it is cheaper and there is a greater variety of products. With the loan she will buy merchandise. Her goals are to become independent and have her own workshop, to generate more income, and thus achieve a better quality of life. Alicia lives with her husband and three children. One of her deams is to become a microentrepreneur to manage her business and her earnings. Alicia is very happy and grateful for the loan and services made by Fondo Esperanza. She also states that she feels very content with the meetings and the group at the communal bank, as generosity and unity exist there. San Antonio is a port in the Valparaiso region, which is one of its principal characteristics, located in the central coastal region of Chile. Fishing and the sale of fish are developing in an important way. Because of its port acitivity and commercial activity there is a high rate of unemployment.
View original language description ↓
Este Banco Comunal “El Progreso” está conformado por 15 emprendedores que se dedican al rubro del comercio, específicamente venta de pan amasado, artesanía, venta de comida, almacén, venta de verduras, servicios entre otros. Todos ellos pertenecientes a la ciudad de San Antonio.
Alicia quien en la foto se encuentra ubicada en el centro del Banco Comunal, vistiendo pantalones azules, polera negra y encima una chaqueta color café, usando una cartera color café, usa su pelo suelto.
Ella se dedica al rubro de las costuras, haciendo buzos para todos los colegios en su ciudad, se dedica a este rubro desde hace 6 años.
Su mercadería la compra en la ciudad de Santiago ya que es más barato y tiene más variedad en productos.
Con el crédito comprará mercadería.
Sus metas son poder independizarse para tener su propio taller, para generar mayores ingresos, así con esto optar a una mejor calidad de vida.
Alicia vive junto a su marido y tres hijos y uno de sus sueños son llegar a ser una microempresaria para manejar su negocio y sus ganancias.
Alicia está muy contenta y agradecida del crédito y servicios prestados por Fondo Esperanza. Además comenta que se siente muy cómoda con las reuniones y grupo del Banco Comunal, ya que existe generosidad y unidad.
San Antonio es un puerto de la región de Valparaíso, siendo esta una de sus principales características, ubicado en el litoral central de Chile. Se desarrolla en forma importante la pesca y venta de pescados y mariscos. Pese a la actividad portuaria y comercial del puerto, existe un alto índice de cesantía.

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
  • 505.4
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of El Progreso Group's $2,400 loan helped a member to buy merchandise.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Apr 25, 2012
May 29, 2012
Currency Exchange Loss:
Aug 15, 2012