Banco Mujer La Amistad Group
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.
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.
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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Success!! The loan was 100% repaid