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Pulmón Verde Group
In this Group: Maria Angelica, Gonzalo Andres, Norma Del Carmen, Jessica Polet, Nicole Alejandra, Marta Elena, Leonardo Andres, Virginia Dolores, Cherits Karoline, Nicole, Tifany Jacqueline, Karen Melisa, Roberto Enrique, Luis Alberto, Damari Tiare, Katherine Andrea, Camila Francisca, Olga Alejandra, Marcela Cecilia
Marcela belongs to the Pulmón Verde communal bank located in Concepción, region VIII of Chile. In the photo, she appears standing up on the right side of the photo, smiling, and wearing a short-sleeved black top. At this bank, the members have various businesses such as selling kebabs, furniture, new and used clothing, undergarments, and pastries.

Marcela works by selling pastries. She doesn't have an established location but she learned in order to move her son forward since it just the two of them and she needs income to give him a better lifestyle. She started by making pastries about three years ago and learned from reading recipes, cook books and cooking articles. The most difficult part is moving forward with little money, since she doesn't have enough money to set up a business with the equipment and bakery supplies that are necessary to work. This means that she doesn't have money to buy supplies or to eat. She is sure that with the money she will receive, she will do well because she will be able to buy chocolate cookies, molds, and the necessary supplies to sell pastries and chocolates to nearby businesses that have made orders. Her favorite parts of working with Fondo Esperanza are the monetary help they provide, the trust they have in the members, the help, and the unconditional support. She also likes that the communal bank encourages them to move forward in their businesses and with their families.
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Marcela, quien en la foto aparece al costado derecho de pie y sonriendo, con una polera negra manga corta y de pelo tomado, pertenece al Banco Comunal Pulmón Verde, que está ubicado en Concepción, VIII región de Chile. En este Banco los socios tienen distintos negocios tales como, venta de anticuchos, muebles, venta de ropa nueva y usada, venta de ropa interior, y pasteles. Marcela trabaja habiendo pasteles, no tiene un local establecido pero aprendió porque debía salir adelante con su hijo, ya que se quedo sola con él y debía tener ingresos para poder darle un mejor pasar. Ella empezó a hacer pasteles, hace más o menos tres años, y aprendió leyendo recetas, artículos y libros de pastelería. Lo más difícil ha sido salir adelante con poco dinero, ya que al no contar con el dinero suficiente para establecerse con sus materiales e insumos pasteleros ha debido dejar de trabajar, lo que significa no tener dinero para comprar insumos ni para comer. Ella está consciente y segura de que con el dinero que recibirá le irá muy bien, ya que podrá comprar chocolate galletas y moldes y los insumos necesarios para vender pasteles y chocolates a algunos negocios que le han hecho pedidos y además están cerca de su hogar. Lo que más le ha gustado de trabajar con Fondo Esperanza es la ayuda monetaria que otorgan, la confianza que tiene con los socios, la ayuda y el apoyo incondicional, además de incentivarlos para poder salir adelante con sus negocios y con su familia.

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.

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
  • 476.0
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Pulmón Verde Group's $3,925 loan helped a member to buy supplies for her bakery.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Apr 10, 2013
Apr 27, 2013
Currency Exchange Loss:
Sep 19, 2013