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Banco Mujer Luz De Esperanza Group
In this Group: María Isabel, Gloria , Nora, Ana Isabel, Katherin, Sara, Yesenia
Maria Isabel, is president of Light of Hope Women's Bank. She is a very enterprising lady, a 48-year-old mother of 4 children and she currently lives with her husband and 2 young children. María had no opportunity to study since as a very young woman she had to work to contribute to the family income. But this was not an impediment to developing her business and today she is a very experienced businesswoman who has managed to raise her family because her husband can't work due to illness.

Maria Isabel heard of the Women's Foundation services by a member of another bank. This is her first loan, and her activities are poultry production and business. The requested loan will be invested in the purchase of chickens and laying hens and feed, concentrates, vitamins and other supplies for rearing animals.

Maria Isabel has had a business for over 15 years. She remembers that with a bit of money earned by selling some food, she bought her first chickens. The main obstacle that she has faced is the lack of money to invest in microenterprise, financing that would be used as a tool to grow her business.

She has well-defined goals and objectives, among them are to enhance the status of her family, provide a college education for their minor children and better medical care for her husband. These are just some of the goals she has set out to achieve with hard work and dedication.

This loan will be a great help to Maria Isabel and her 6 companions of the bank. They work in agricultural activities.
View original language description ↓
Doña María Isabel, es la presidenta de Banco Mujer Luz De Esperanza, una señora muy emprendedora, de 48 años de edad, madre de 4 hijos, y actualmente vive con su esposo y sus 2 hijos menores. Doña María no tuvo la oportunidad de estudiar ya que desde muy joven tuvo que trabajar para contribuir a los ingresos económicos de su familia. Sin embargo eso no fue un impedimento para desarrollar su negocio; Y hoy es una comerciante con mucha experiencia que ha logrado sacar adelante a su familia ya que su esposo no puede trabajar debido a una enfermedad.
Se enteró de los servicios de Fundación Mujer por medio de una integrante de otro banco, este es su primer crédito, y sus actividades productivas son la avicultura y el comercio. El préstamo lo invertirá en la compra de pollos y gallinas ponedoras así como alimentos, concentrados vitaminas y otros insumos para la cría de estos animales.
La clienta tiene su negocio hace más de 15 años, y recuerda que con un poco de dinero que se gano con la venta de unas comidas compró sus primeros pollos; el principal obstáculo que ha tenido que enfrentar es la falta de dinero para invertir en su microempresa, que podrá ir superando con los financiamientos ya que es una herramienta para hacer crecer su negocio. Ella tiene sus metas y objetivos bien definidos, entre ellos están, mejorar la condición económica de su familia, brindarles estudios universitarios a sus hijos menores y también una mejor atención medica para su esposo. Estas son solo algunas de las metas que se ha propuesto lograr con mucho trabajo y dedicación.
El crédito va hacer de gran ayuda para María Isabel y sus 6 compañeras del banco, que se dedican a actividades agropecuarias.

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
  • 38
    View loans »
    Costa Rica Loans Fundraising
  • $4,441,500
    Funds lent in using Kiva
  • 495.0
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Mujer Luz De Esperanza Group's $2,125 loan helped a member to buy chickens, pigs, cattle and animal feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
May 26, 2011
May 30, 2011
Currency Exchange Loss:
Dec 15, 2011