Banco Mujer Rescatar La Tierra Group
Marie has been a client of Fundación Mujer for several years and has received three loans. She works in agriculture and grows plantains and bananas on a small farm where her partner also works. She will invest her loan in buying seeds, fertilizer, bags and other supplies for sowing her crops.
The main obstacles that Marie has had to face have been a lack of money with which to buy raw materials, weather-related factors that have destroyed all her crops, and the low price at which she has been forced to sell her produce.
This loan will be a great help for Marie and the seven other members of this bank. The other women will also invest their loans in growing plantains and bananas. This will enable them to support their households, enjoy better living conditions and offer their customers better produce.
Es clienta de Fundación Mujer hace varios años y ha tenido 3 préstamos. Se dedica a actividades agropecuarias, y cultiva plátano y banano en una pequeña finca donde también trabaja su compañero; El crédito se va a invertir en la compra de semillas, abonos, bolsas, y otros insumos para la siembra.
Los principales obstáculos que ha tenido que enfrentar es la falta de dinero para comprar materia prima, factores climatológicos que han llegado a destrozarles todo sus cultivos y el bajo precio al que se ven obligadas a vender el producto.
El financiamiento va a ser de gran ayuda para ella y para las 7 socias del Banco Mujer, que al igual que Marie va a invertir en la agricultura de plátano y banano, ya que les va a permitir llevar el sustento al hogar, tener mejores condiciones de vida y ofrecer a sus clientes mejores productos.
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.
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