Alba, third from the left wearing a black and white blouse, is a member of the “La Minga de Chiloé” communal bank, where most of its members are artists and sell new and used clothing. Alba has a business where she makes and sells liquor, jams, and jellies. She learned to make these things from her mother a long time ago. Her life was not easy since she had to face many problems with her husband who didn’t treat her well when they were together. It’s for this reason that she stayed with her children, which was difficult for her because she had to take care of the children herself. She had to get them ahead herself, knocking on doors and looking for different ways to earn money. Nobody wanted to help her; nobody trusted in her perseverance and responsibility, but life gave her a small opportunity and she began by selling 10 bottles of liquor. Now she has a small family business and the challenge of setting up an area for producing her delicacies. She will use the money to buy supplies such as bottles, fruit, sugar, labels, and alcohol. She knows that things will go well for her because this is a touristy area and they are fascinated with her liquors, jams, and jellies. Her small business and being part of Fondo Esperanza have helped her be responsible and perseverant and she feels completely grateful for the opportunity and help from Fondo Esperanza. She also likes being a part of the community where she can help the other members get ahead and feel respected and more intelligent.
Alba, quién está sentada de las terceras de derecha a izquierda con una blusa blanca con negro, pertenece al Banco Comunal La Minga de Chiloé, en donde la mayoría de los socios son artesanos y venden ropa nueva y usada. Alba tiene un negocio de venta y elaboración de licores, conservas y mermeladas. Hace muchos años que aprendió a elaborar licores conservas y mermeladas, y quién le enseño fue su madre. Su vida no fue fácil ya que debió enfrentar muchos problemas con quién fue su marido, quién no la trato bien mientras estuvieron juntos; es por esto que se quedó sus junto a sus hijos, lo cual fue muy duro para ella quién debió hacerse cargo de ellos sola y debió también sacarlos adelante, golpeando puertas y buscando distintas maneras de poder tener dinero, nadie quiso ayudarla, nadie confió en su perseverancia y responsabilidad, pero la vida le dio una pequeña oportunidad y empezó vendiendo de a 10 botellas de licor, y ahora tiene un pequeño negocio familiar; como desafío esta la construcción de su sala de proceso para la elaboración de sus delicias . El dinero que está solicitando es para la compra de insumos como botellas, fruta, azúcar, etiquetas y alcohol. Sabe que le irá muy bien, está lleno de turistas que han quedado fascinados con sus licores, conservas y mermeladas. Su pequeño negocio y el estar en Fondo Esperanza le han ayudado para ser más responsable y perseverante, se siente completamente agradecida de la oportunidad y ayuda que Fondo Esperanza le brinda, además le gustaría formar una comunidad en donde pueda ayudar a las diferentes socias a que puedan salir adelante a sentirse respetadas y aplicar su inteligencia.
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.