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Banco Mujer La Amistad Group
In this Group: Priscilla , Irene
Priscilla is a 19 year old young woman. She has a son who is almost two months old. She lives with him and her life partner. She completed high school, but she wishes to continue her education. She does not have the resources to continue. Therefore, she wants to start a small business to help her life partner with the household expenses and to finish her higher education.

She sees the opportunity to do so with Fundación Mujer. This is the first loan that she has requested. She will use the money in raising and selling pigs. She learned about the services of the organization through colleagues in Banco Mujer.

The business activity that she is going to develop is pig farming. She says that she has help from her life partner and from her mother-in-law, who has a lot of experience taking care of animals. Priscilla knows that she needs to organize her work schedule very well because she has to take care of her very small child.

She has a lot of dreams and goals that she would like to fulfill. Among them are to improve her quality of life and that of her family, to increase the household income, and to come to be a very successful professional. She is sure that the best way to achieve these is the good administration of the finances.

Irene is next to Priscilla. She is her colleague with the loan. She will also invest in pig farming.
View original language description ↓
Priscilla es una mujer muy joven de 19 años de edad y madre de un niño de apenas 2 meses de edad, con quién vive junto a su compañero, ella terminó la secundaria pero desea seguir estudiando y no cuenta con los recursos necesarios para continuar, por eso quiere formar una pequeña empresa, para ayudar a su pareja con los gastos del hogar y terminar sus estudios superiores, y ve en Fundación Mujer una oportunidad de lograrlo, este es el primer crédito que solicita, y va a invertir en la cría y venta de cerdos, se enteró de los servicios de la organización por medio de las compañeras del Banco Mujer.
La actividad que va a desarrollar es la porcicultura y cuenta con la ayuda de su compañero y la de su suegra que tiene mucha experiencia en el cuido de animales, Priscilla sabe que debe organizar muy bien un horario de trabajo ya que tiene que cuidar a si hijo que está muy pequeño.
Ella tiene muchos sueños y metas que desea cumplir , entre esas están mejorar la calidad de ella y su familia, aumentar los ingresos económicos del hogar , y llegar a ser una profesional muy exitosa, y está segura que la mejor manera de lograrlo es la buena administración de los financiamientos.
Junto a Priscilla está Irene que es su compañera de operación crediticia, también va a invertir en la Porcicultura.

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
  • 507.6
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Mujer La Amistad Group's $600 loan helped a member to buy pigs and feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 21, 2011
Listed
Oct 22, 2011
Currency Exchange Loss:
Possible
Ended:
May 15, 2012