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Banco Mujer Mujeres En Acción Group
In this Group: Marileth, Emilce, Iris , Leonor , Cinthya, Marianela, María, Rosa, Flor, Xinia, María Del Carmen
The group is composed of 11 members, all of which are hard-working women with a lot of dreams and goals yet to fulfill. Their ages range from 26 up to 60 years of age. The majority of its members only completed elementary education and have dedicated themselves to agricultural activities in order to help their families, who in most cases, is the only source of income for the household. This is the first loan from Banco Mujer Mujeres En Accion (Women's Comunal Bank Women in Action) and they heard of the services of Fundacion Mujer thanks to the current treasurer, Emilce Bermudez who had been in a comunal group for more than 4 years.

The members will invest the loan in the purchase of pigs, chickens, calves, feed, concentrates, fertilizers, chemicals and other inputs to raise livestock and grow cocoa. The members have many years experience in their productive activities but do not have the working capital to grow their businesses; and if we add to these struggles the high cost of raw materials, product transportation costs, lack of a stable market, and the low prices in which they manage to sell their products, all of these obstacles are what they have to face day-to-day. This is why the loan is of great help for all of the entrepreneurs who make up Banco Mujer.
The group has set forth very important objectives such as: growing their business, becoming self-sufficient, continuing their education, and many more. This loan is the first step to reach those objectives.
View original language description ↓
El grupo está compuesto por 11 socias, todas señoras muy trabajadoras con muchos sueños y metas por cumplir, sus edades van desde los 26 años hasta los 60 años. La mayoría de integrantes solo completaron la educación primaria y se dedican a las actividades agropecuarias para ayudar a sus familias; que en muchos casos es la única fuente de ingresos económicos para el hogar. Esta es la primera solicitud de crédito de Banco Mujer Mujeres En Acción y se enteraron de los servicios de Fundación Mujer, gracias a que la actual tesorera, Doña Emilce B., ya había estado en un grupo hace más de 4 años.
Las solicitantes van a invertir el préstamo en la compra de cerdos, pollos, terneros, alimentos, concentrados, abonos, químicos y otros insumos para la cría de animales y siembra de cacao. Las integrantes del grupo tienen la experiencia de muchos años en las actividades productivas, pero no cuentan con capital de trabajo para poder hacer crecer sus negocios, y si a esto le sumamos otras dificultades como el alto costo de la materia prima, el transporte los productos, falta de un mercado fijo, y los bajos precios con los que logran vender sus productos. Todos estos obstáculos son los que tiene que enfrentar día a día, por ello el crédito viene hacer de gran ayuda para todas las microempresarias que integran esté Banco Mujer.
El grupo se ha fijado objetivos muy importantes como agrandar sus negocios, llegar a ser autosuficientes, seguir estudiando, y muchos otros. Donde el crédito es un primer paso para alcanzarlos.

Additional Information

More information about this loan

In Costa Rica, funding for microfinance institutions is hard to come by, and many institutions find themselves having difficulty growing and reaching all the demand for loans that exist. Kiva works with Fundacion Mujer because it attends a very marginalized population in Costa Rica, with a specific focus on women. In addition to the loan, Fundacion Mujer provides specialized training programs for their borrowers on everything from computer classes to salon training. Because of the difficulty in obtaining capital in Costa Rica, Fundacion Mujer cannot serve all the women that need loans. Therefore Kiva plays a unique role in helping Fundacion Mujer grow its portfolio and reach borrowers it otherwise would not be able to.

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 Costa Rica

  • $11,100
    Average annual income
  • 7
    View loans »
    Costa Rica Loans Fundraising
  • $3,979,500
    Funds lent in using Kiva
  • 496.5
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Mujer Mujeres En Acción Group's $3,325 loan helped a member to purchase Pigs, Poultry, Livestock and Agriculture.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 12, 2011
Listed
Apr 29, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2011