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Los Copihues Group
In this Group: Jose Manuel, Ruben Antonio, Emiliano, Lura Ester, Macarena Yicel, Rosa Elena, Marisol Ruth, Carolina Alejandra, Patricia Carmen, Ester, Marycel Alicia, Roberto Rudecindo, Raquel Esperanza, Roberto Carlo, Rodrigo Alonso, Carlos Alberto, Eduardo Alejandro
Eduardo, who appears in the picture in the last row with black sunglasses and a black cap, is a member of the Communal Bank "Los Copihues", located in Villarrica. The members of this Communal Bank own businesses such as a foamy craftsmanship store, fabric sales or an auto repair shop.
Eduardo's business is a computer and electronics tech service, which he started 5 years ago. He bought it out of necessity, with an existing client portfolio.
His challenge is to be able to reinvent and expand the business. He needs the money to buy a digital photographic printer to print t-shirt patterns. He knows he will do very well because he has no competition in Villarrica. What he likes the most about working with the lending partner, Fondo Esperanza, is the organization with the fellow members from the Communal Bank.
View original language description ↓
Eduardo quien aparece en la fotografía en la última fila con gafas negras y un gorro negro, es socio del Banco Comunal Los Copihues ubicado en Villarrica. Los socios de este Banco Comunal tienen entre sus negocios la venta de artesanía con goma eva, tejidos, taller mecánico. Eduardo tiene un negocio de servicio técnico e integral de informática y electrónica, que comenzó hace 5 años, lo compro por necesidad y con cartera de clientes. Su desafío es poder reinventarse además de ampliar su giro. Necesita el dinero para compara una impresora fotográfica digital para estampados de poleras, sabe que le irá muy bien ya que no tiene competencia en Villarrica, y lo que más le ha gustado de trabajar junto a Fondo Esperanza es la organización de sus compañeros de Banco Comunal.

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
  • 522.3
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Los Copihues Group's $4,700 loan helped a member to purchase a digital photographic printer for t-shirt patterns for his business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Nov 15, 2013
Nov 26, 2013
Currency Exchange Loss:
May 29, 2014