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Lemuy Group
In this Group: Carmen Dolores, Alicia Del Carmen, Haydee Del Rosario, Monica Isabel, Ester Oberlinda, Olga America, Gladys Yanette, Luis Alberto, Silvia Georgina, Amanda Celia, Carlos Eduardo, Andrea Soledad, Bernarda De Lourdes, Cecilia Del Carmen, Maria Alejandra, Mario Alfredo
Andrea, who appears second from the right in a purple sweatshirt and glasses, is a member of the communal bank Lemuy, located in Castro. The members of this communal bank have various businesses such as harvesting and selling garlic, dent removal and painting for vehicles, wool handcrafts, selling plumbing and welding supplies by catalog, and others.

Andrea has a bookstore and sweetshop where she also has binding, laminating and photocopying services. She has had her business for five years, she started it when her husband lost his job and she found a half-day job that didn't pay much. She saved a little from this money and with that saved money she could start buying little things to start setting up the business. Recently her husband has again found himself out of work, so she must again focus on helping her family with the money she makes. But she faces a challenge of trying to get a machine for printing passport-sized photos, since on the island where she lives there is no such machine.

The money she is requesting is to buy spiral binding, laminate, and products for her bookstore and sweetshop. She knows that it will work out well for her since she has been able to give peace to the people who live with her, becasue her business is the only one nearby to get photocopies. She is very happy and grateful for the help that Fondo Esperanza has given her.
View original language description ↓
Andrea, quien aparece de las segundas de derecha a izquierda, con un polerón morado y de lentes, es socia del Banco Comunal Lemuy, ubicado en Castro. Los socios de este Banco Comunal tiene variado negocios tales como cosecha y venta de ajo, desabolladora y pintura de vehículos, artesanía en lana, venta de productos por catalogo gasfitería y soldadura, entre otros; Andrea tiene una librería y confitería en donde además tiene anillado, plastificado, y fotocopia. Su negocio lo tiene hace 5 años, comenzó ya que su marido quedó cesante y ella encontró un trabajo de medio día en donde le pagaban poco, y ahorraba un poco de ese dinero, con ese dinero que ahorró pudo empezar a comprar pequeñas cosas para empezar a levantar su negocio. Hace poco nuevamente su marido quedó sin trabajo así que deberá nuevamente enfocarse en ayudar a su familia con el dinero que gana, pero como desafío tiene el colocar una máquina para sacar fotografías tamaño carnet, ya que en la isla que vive no existe esa máquina. El dinero que esta solicitando es para comprar, espirales mica y productos para su librería y confitería. Sabe que le irá muy bien ya que ha podido darles tranquilidad a las personas que viven junto con ella, ya que su negocio es el único que hay cerca en donde pueden sacar fotocopias. Está muy contenta y agradecida con la ayuda que le ha otorgado Fondo Esperanza.

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
  • 547.9
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Lemuy Group's $3,275 loan helped a member to buy laminate, spiral binding, and bookstore and sweetshop products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jan 21, 2014
Feb 6, 2014
Currency Exchange Loss:
Jul 1, 2014