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Bosque Del Pulpito Group
In this Group: Claudio Ernesto, Hector Eladio, Rosa Daniela, Jemima Cecia, Carlos Fernando, Idalba Irene, Luis Ruben, Bernarda Del Carmen, Aurelio Jose, Santiago Humberto, Maria Alba, Manuela Iris, Maria Isabel, Rodrigo Alfonso, Ricardo Andres, Fabiola Verónica, Maria Nancy
The majority of members of the Bosque del Pupito Communal Bank have small commercial establishments that serve food. Ricardo, however, is a mechanic and operates a mechanical repair shop from his home. He began to work as a mechanic around 18 years ago, employed by a company. About 9 years ago, he started his own business, one that he likes very much, because he is his own boss and can pass the time with his family. Ricardo is married and has 2 minor children, ages 9 and 10.

Ricardo will use his loan to purchase items an auto mechanic needs, such as motor oil, brake discs, and brake fluid. He also buys merchandise in the city and sells it in rural areas. In the future, Ricardo would like to have his own mechanical repair shop.

In this photo of the communal bank's members, Ricardo is in the back row, on the right end wearing a stripped tee shirt.

What Ricardo likes best about working with Fondo Esperanza [The Hope Fund] is the business advice it offers. It has helped with the guidance, improvement, and organization of his business.
View original language description ↓
La mayoría de los membros del banco comunal, Bosque del Pupito tienen comercios minores y tiendas de ropa. Ricardo es mecánico, tiene un negocio de servicio domicilio mecanismo. Empezó su trabajo como mecánico hace 18 año cuando trabajaba por un compañía. Hace 9 años que empezó su propia negocio lo cual le agreda mucho porque le ser su propio jefe y así puede pasar más tiempo con su familia. Esta Casada y tiene dos hijo minores de 9 y 10 años. Ocupará su préstamo para comprar productos para el mecanismo como el aceite, discos de frenos y liquido de frenos. Ricardo compra su mercadería en la ciudad y lo vende en los áreas rurales. Mas adelantes, Ricardo le gustaría tener su propio local para el mecanismo. En el foto del banco comunal Ricardo esta atrás, por el lado derecha con una playera rayada. Lo que mas le gusta de trabajar con Fondo Esperanza es el apoyo de negocio que le dan, le ha ayudado guiar su negocio y mejorar y organizar su negocio.

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
  • 473.2
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Bosque Del Pulpito Group's $5,450 loan helped a member to buy parts and supplies for a mechanic, including motor oil, brake discs, and brake fluid.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Feb 27, 2013
Mar 5, 2013
Currency Exchange Loss:
Jul 19, 2013