Check out some available loans that are similar to this one!
Oasis Group
In this Group: Teresa Del Rosario, Cristina Magdalena, Vilma Nelly, Emeterio Del Carmen, Nelly Jacqueline, Ana Meehtabel, Maria Elizabeth, Maria Magdalena, Magaly Soledad, Victor Daniel, Adan David, Vivian Edith, Lucia Maria, Sergio Abraham, Marcela Del Carmen, Luz Mariana, Jacobet Termutis, Nayadet Alejandra
Cristina (in the photograph she's wearing a brown shirt and standing at the side with her husband and baby) belongs to Oasis Communal Bank, located in the Biobío region of Arauco. The members of this bank are in different lines of work: selling coffee and tea in markets; message and packing services; selling new clothing and athletic clothing; selling curtains and perfume; department store, fruit sales, liquor store, and stationery store; weaving and embroidery.

Cristina studied sewing and tailoring for four years. Five years ago she started her business making costumes. Previously she worked in a tailor shop, where she realized that her strength was making costumes. Her problem is she doesn't have anyone to take care of her young daughter, who currently goes to work with her.

The money Cristina's requesting is to buy supplies such as fabric, needles, and thread so she can keep on making curtains and costumes.

What Cristina has enjoyed most about working with Fondo Esperanza is meeting people from different backgrounds, meeting with counselors who can help and support them, and sharing life experiences, which is a big help.
View original language description ↓
Cristina, quien está a un costado derecho de la fotografía junto a su marido con su bebé y de polera café, pertenece al Banco Comunal Oasis, que está ubicado en Arauco Región del Biobío. Los socios de este Banco Comunal tienen diversos rubros tales como venta de café y té en las ferias, servicio de encomiendas, bazar y paquetería, venta de ropa nueva y deportiva, venta de cortinas, perfumería, almacén y frutería, botillería, bazar y librería, tejidos y bordados. Cristina estudió 4 años costura y confección es por esto que comenzó hace 5 años con el negocio de la venta de disfraces, aunque antes estuvo trabajando en un taller, en el cual se dio cuenta que su fuerte en el trabajo era la confección de disfraces. Su problema es no tener quién pueda cuidar de su pequeña hija, ya que hasta el momento debe trabajar junto a ella. El dinero que está solicitando es para comprar insumos como telas agujas e hilos y seguir confeccionando cortinas y disfraces. Lo que más le ha gustado de poder trabajar junto a Fondo Esperanza es el hecho de poder encontrarse con gente y con sus diversas realidades, con asesores que pueden ayudarlos y apoyarlos y compartir distintas vivencias que son de una gran ayuda.

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
  • 527.5
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Oasis Group's $6,425 loan helped a member to buy fabric, needles, and thread.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Dec 11, 2013
Dec 26, 2013
Currency Exchange Loss:
May 17, 2014