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Margarita has asked for a loan from the Crédito Desarrollo (Developing Credit) program. She sells new clothes, perfume, and accessories such as wallets and necklaces. She started this business about 30 years ago, before she got married.

Its success has been variable due to not making regular profits. In addition, when she had a little bit of money she would bought buy wool and she would knit. In this way she was able to sell some goods and put together a bit of money.

With the money that she has asked for, she will buy more clothes, accessories, and underwear for her business. She thinks that this will work well for her at this time because she can buy clothes in the sizes that her customers have asked for. The thing that she has liked the most in working with Fondo Esperanza (Hope Fund) is that they always help to develop the ventures of others.
View original language description ↓
Margarita es una socia que ha solicitado Crédito Desarrollo, ella vende ropa nueva, perfumes y accesorios, como carteras y collares. Este negocio lo ha comenzado hace más o menos unos 30 años, antes de casarse, y ha sido intermitente por el hecho de no tener un capital fijo, también cuando tenía un poco de dinero compraba lana y tejía, así vendía y podía armar algo de capital. Con el dinero que ha solicitado comprara más ropa, accesorios y ropa interior para su negocio, y ella piensa que de esa manera le irá muy bien en este periodo porque además ella compra en la medida que sus clientas le han solicitado. Lo que más le ha gustado de trabajar con Fondo Esperanza es que siempre los ayuda a poder desarrollarse en su rubro.

Additional Information

More information about this loan

This loan targets populations in financially underserved regions of Chile. Thanks to its numerous branches, Fondo Esperanza is present nationwide and offers loans to micro-entrepreneurs in a country known for its limited microfinance industry. This Kiva loan enables entrepreneurs to maintain their current businesses in areas where Fondo Esperanza is the only available and accessible financial institution.

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
  • 472.0
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,150 helped Maria buy clothes, underwear, and accessories.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Mar 18, 2013
Apr 4, 2013
Currency Exchange Loss:
Mar 18, 2014