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Las Semillas De San Francisco Group
In this Group: Ana Delia, Minidit Yaneth, Macarena Andrea, Johanna Del Carmen, Johana Gloria, Nolfa Del Carmen, Paola Andrea, Joseline Jessenia, Miriam Antonia, Lidia Hortensia Del Carmen, Maria Elizabeth, Cecilia Andrea, Myriam De Lourdes, Katherine Macarena, Benedicta Carmen, Amalia Rosalia, Jose Alejandro, Nanci Del Carmen
Amalia who is seated on the right side wearing a white coat in the photo belongs to the “Las Semillas de San Francisco” (San Francisco Seeds) communal bank located in Concepción VIII Region, Chile. All the members of this communal bank are in the same line of work, sales, but they sell different things like: clothes, charcoal, potatoes, fruit, textiles, shower curtains, fish and vegetables.

Amalia sells women’s accessories. She started this business more or less a year ago and started out selling clothes but in time came to realize that it was much better to sell women’s accessories and even more so those focused on women’s hair. She’s had no problems in her business which makes her very happy.

The loan she’s requesting is to buy more merchandise like perfume, make-up and hair accessories to sell. She’s very happy because she knows she’ll do well in this new cycle. What she most emphasizes about being able to work with Fondo Esperanza is being able to meet more people and share much more with her group this way.
View original language description ↓
Amalia, que esta en el costado derecho sentada y con poleron blanco en la fotografía, pertenece al Banco Comunal Las Semillas de San Francisco, ubicado en Concepción VIII Región de Chile. En ESTE Banco Comunal sus socios tienen un rubro en común que es la venta, pero de distintos productos tales como, ropa, carbón, papas, frutas, costuras, cortinajes de baño, pescados y verduras, y Amalia vende accesorios de mujer. Comenzó su negocio hace más o menos un año, y comenzó vendiendo ropa, aunque con el tiempo se dio cuenta de que era mucho mejor vender accesorios para la mujer y más aún enfocando en el pelo de éstas. No ha tenido problemas en su negocio, lo que la tiene muy contenta. El crédito que ha solicitado es para poder comprara más insumos para sus ventas, como lo son perfumes, maquillaje y accesorios para el pelo. Está muy contenta porque sabe que le irá muy bien en este nuevo ciclo. Lo que más destaca de poder trabajar junto a Fondo Esperanza es poder conocer más gente y de esa manera compartir mucho más con su grupo.

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
  • 503.0
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Semillas De San Francisco Group's $2,950 loan helped a member to buy hair accessories, perfume and make-up.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jun 28, 2013
Jul 25, 2013
Currency Exchange Loss:
Nov 17, 2013