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Agua Viva Group
In this Group: Isabel Del Carmen, Ruth Veronica, Waleska Macarena, Leonor Del Carmen, Tamara Denisse, Boris Eduardo, Cecilia Del Carmen, Orietta Marcela, Gilda Ruth, Patricia Alejandra, Damaris Gabriela, Erica, Blanca Doli, Ana Maria, Maria Soledad, Silvia Irene
Orietta, who appears in the photograph standing third from right to left, with glasses on her head, belongs to the Agua Viva Village Bank, which is located in Castro. Her partners work in baking, making chocolate, trade and selling groceries. Orietta's business is catering, making chocolate and baking. She started her business four years ago when she trained along with a group of friends. She started her business because her eldest child went to study outside of Chile and she needed to help with her home.

The largest problem that she's had is a lack of money. The loan that she is applying for is to buy ingredients for the sale of artisanal cuchuflis [rolled waffles filled with dulce de leche]. She is very hopeful that the sale of cuchuflis will go very well. What she has liked most about working with Fondo Esperanza is the fact that she can share with people that have her same interests and that have a lot of ambition to get ahead.
View original language description ↓
Orietta, quien en la fotografía aparece de las terceras de pie de derecha a izquierda y con gafas en su cabeza pertenece a Banco Comunal Agua Viva que está ubicado en Castro. Sus socias y socio están dedicados a la repostería chocolatería comercio y venta de abarrotes. El negocio de Orietta es banquetería, chocolatería y repostería, comenzó con su negocio hace cuatro cuando se capacitó junto a un grupo de amigas, y empezó con su negocio por el hecho de que su hijo mayor se fue a estudiar fuera de Chiloé y ella debía ayudar en su hogar. El mayor problema que ha tenido es la falta de dinero. El préstamo que está solicitando es para comprar insumos para la venta de cuchuflis artesanales. Ella esté muy esperanzada de que le irá muy bien con la venta de cuchuflis. Lo que más le ha gustado de poder trabajar junto a Fondo Esperanza es el hecho de poder compartir con gente que tiene sus mismos intereses y que está con muchas ganas de salir adelante.

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
  • 531.0
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Agua Viva Group's $3,675 loan helped a member to buy ingredients to make artisanal desserts.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Nov 28, 2013
Dec 15, 2013
Currency Exchange Loss:
May 17, 2014