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Entre Amigos Group
In this Group: Patricio Alberto, Maridalia Paz, Paola Carmen, Silvia Ester, Wilma Del Carmen, Rosa Del Carmen, Miriam Luz, Consuelo Del Carmen, Cristian Daniel, Sergio Orlando, Silvia Fabiana, Maritza Isolda, Francisca Del Carmen, Roxana Vanessa, Paola Soledad, Julio Segundo, Malbina Soraya, Doris Alicia, Fabiola Del Carmen, Fernando Salomon
Paola is in the lower right corner of the photo dressed in a brown jacket with magenta-colored details. She is a member of the communal bank Entre Amigos, located in Villarrica in the Araucanía Region in Chile. The members of this communal bank run businesses such as a pastry shop, selling sausages, tourism, jeweler, bazaar and package handling, and tailor.

Paola has a business where she sells second-hand shoes. She has been running this business for twenty years, although its orientation has changed during this time. But she has always had her business, and she has always been a merchandiser. She has not had any problems nor faced any challenges.

She will use the loan to buy medicinal herbs, since she would like to buy or rent a hectare where she can plant her herbs and then sell them in her shop. She hopes that she will be very successful with this project. What she has appreciated the most about working with Fondo Esperanza is its willingness to work and the enthusiasm it transfers to its members while they are learning.
View original language description ↓
Paola, que en la foto esta en el extremo derecho abajo con chaqueta café y bordes fucsia, es socia del Banco Comunal Entre Amigos, ubicado en Villarrica, Región de la Araucanía de Chile. Los socios de ese Banco tienen negocios como pastelería, longanizas, turismo, joyas, bazar y paquetería, costuras y Paola tiene un negocio en donde vende zapatos de segunda selección. Este negocio lo tiene hace 20 años, aunque ha ido cambiando de rubro durante este tiempo, pero siempre ha tenido su negocio, siempre ha sido comerciante. No ha tenido problemas o desafíos que enfrentar. El préstamo lo ocupará para comprar hierbas medicinales, ya que lo que ella quiere es poder comprar o arrendar una hectárea para poder plantar sus hierbas y así venderlas en su negocio. Espera que le vaya muy bien con este proyecto. Y lo que más le ha gustado de trabajar con Fondo Esperanza es el hecho de que siempre tiene disposición para trabajar, muchas ganas lo que se traspasa a los socios, ya que aprenden.

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
  • 503.3
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Entre Amigos Group's $5,225 loan helped a member to buy inputs for selling herbs.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Jun 17, 2013
Jul 5, 2013
Currency Exchange Loss:
Oct 17, 2013