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Banco Mujer Hacia Adelante Group
In this Group: Marjorie, Rebeca, Viviana, Elizabeth , Maribel, Fátima , Viviana , Lorena
Mrs. Fátima, 42, is the President of the “Mujer Hacia Adelante” (Woman Forward) communal bank. She is a very hard working mother of five children. She is Nicaraguan and did not have the opportunity to continue her schooling beyond elementary school.

She found out about Fundación Mujer’s services through an invitation from a neighbor. This is her first loan. She does a variety of things: commerce, small industry and food services. She will invest the loan in purchasing American clothes, fabric for clothes manufacturing and ingredients to make fast food.

The client has had her business for over 5 years. The main obstacle she’s faced is the lack of money to invest in her activities to make her businesses grow and improve her family’s and her own quality of life. Because of this she has well defined goals. Among them are: to acquire more skills in food handling, to have her own snack bar to sell all types of food as well as a car to go to distant communities to sell clothes. These are some of the dreams she’s set up for herself that she plans to accomplish through much effort and dedication.

The loan will help Fátima and her seven fellow bank members, who are in commerce and raising barnyard fowl, quite a bit.
View original language description ↓
Doña Fátima es la presidenta de Banco Mujer Hacia Adelante, una señora muy trabajadora, de 42 años de edad, madre de 5 hijos, y de nacionalidad Nicaragüense, que no tuvo la oportunidad de seguir estudiando, y solo asistió a primaria.

Se enteró de los servicios de Fundación Mujer por medio de una vecina de su comunidad, y este es su primer crédito, se dedica a vA. actividades como; comercio, pequeña industria y servicios de venta de comida, el crédito lo va a invertir en la compra de ropa americana, telas para la elaboración de ropa e insumos para la elaboración de comidas rápidas.

La clienta tiene su negocio hace más de 5 años, y el principal obstáculo que ha tenido que enfrentar es la falta de dinero para invertir en sus actividades, para hacer crecer sus negocios, y mejorar la calidad de vida de ella y su familia. Por eso tiene sus metas y objetivos bien definidos, entre ellos están, adquirir más conocimientos en el tema de manipulación de alimentos , tener su propia soda para vender todo tipo de comida, al igual que un carro para ir a comunidades alejadas a vender ropa. Son algunos de los sueños que se ha propuesto lograr con mucho trabajo y dedicación.

El crédito va hacer de gran ayuda para Fátima y sus 7 compañeras del banco, que se dedican al comercio y avicultura.

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.

About Fundacion Mujer:

Fundación Mujer is an organization specializing in the financial and personal development of female entrepreneurs in Costa Rica. They seek to reach underserved populations that may include indigenous communities, immigrants, refugees, victims of domestic violence or women living with HIV/AIDS. Fundación Mujer offers courses in both business and personal development, as well as training in concrete skills such as sewing and other crafts.

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

  • $12,900
    Average annual income
  • 39
    View loans »
    Costa Rica Loans Fundraising
  • $4,438,125
    Funds lent in using Kiva
  • 496.1
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Mujer Hacia Adelante Group's $2,425 loan helped a member to buy clothes, fabric and food ingredients.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2011
Listed
May 17, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011