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Union Magisterio Group
In this Group: Regina Del Carmen*, Marcela Andrea, Virginia De Las Mercedes, Regulo Augusto, Fernando Antonio, Claudia Elizabeth, Luis Ernesto, Nieves De Las Maria, Bernarda Del Carmen, Nelfa Rosa, Guillermo Osvaldo, Cristina Iris, Emilia Carmen, Elvira Del Carmen, Hugo Augusto, Maria Petronila, Paola Andrea, Romina Marilyn
* not pictured
Ragina, shown above on the left in the black shirt, is a 44-year-old mother of three children, ages 21, 17 and 6. The two younger children live at home with her and attend school. For the past three years Ragina has been operating her kiosk at a local school where she sells ice cream, soft drinks and candy to students. She will use this loan to buy more items for her kiosk including ice cream, soft drinks and various small food items.

Regina is also an artisan who produces handmade crafts. Her dream is to someday sell these products out of her home in order to supplement her income during the summer vacation when the school is closed.

Regina enjoys the support she has received as a borrower of local MFI, Fondo Esperanza. She says the weekly meetings that she is required to attend have been very useful and have taught her a lot. She has learned to run her business more efficiently and appreciates the importance of equality for women.

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
  • 472.2
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Union Magisterio Group's $4,825 loan helped a member to buy more merchandise to sell at her kiosk such as ice cream, candy and soft drinks.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jan 23, 2013
Feb 15, 2013
Currency Exchange Loss:
Jun 17, 2013