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Luz lives in Curicó and sells rye bread and muffins. She has run her business for four years and also sells natural soaps, which she buys from a vendor in Santiago who makes the products. Luz sells the merchandise to order to businesses in Santiago and Curicó. She will use the loan to buy soaps and buy supplies to make bread and muffins. One day she would like to establish her business and bake the bread and muffins herself, but this requires special machines and a space.

Luz is a single mother and has two children, ages 22 and 25, who are studying medicine and kinesiology in college. She likes working with Fondo Esperanza because she feels supported and constantly guided by the institution.
View original language description ↓
Luz vive en Curicó y vende pan centeno y queque. Hace más de 4 años que tiene su negocio y además vende jabones naturales que compra a una persona de Santiago que hace los productos la misma persona. Vende en Santiago y Curicó a pedido en empresas. Ocupara su préstamo para copra de jabones y guardo un poco de capital para comprar insumos y hacer pan y queque. En el futuro ella le gustaría Establecer su negocio y poder ella misma hacer el pan y queque, pero para ellos necesita tener maquinas especiales y un local. Luz es mama soltera y tiene dos hijos, de 22 y 25 y están en la Universidad, estudian Medicina y Kinesiología. Le ha gustado trabajar con fondo esperanza porque le hace sentir El hacerla bien y apoyada y por la guía constante que tiene.

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
  • 472.2
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Luz to buy soaps and buy supplies to make bread and muffins.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jan 25, 2013
Feb 20, 2013
Currency Exchange Loss:
Sep 19, 2013