Banco Mujer Nueva Luz Group
This is the first loan that Shirley has requested from Fundación Mujer and she joined this group of women because her mother, who has been a member of the group for many years, encouraged her to join.
Shirley will invest this loan in buying calves and feed for her animals. She has the support and help of her husband and her mother. This loan will be a great help to Shirley as it will allow her to make income for her household and achieve her goals of continuing to study herself and providing an education for her son.
Requesting a loan on this occasion, together with Shirley, are four further members. They are all very hard-working ladies who will also invest their loans in buying livestock and feed for their animals.
Este es el primer crédito que solicita a Fundación Mujer y se integró al grupo de mujeres ya que su madre que tiene muchos años en el grupo la motivó a integrarse.
El crédito lo va a invertir en la compra de terneros y alimentos, para el cuido de los animales cuenta con la ayuda y el apoyo de su esposo y su madre.
Este crédito va ser de gran ayuda para Shirley, ya que le permitirá generar ingresos para aportar al hogar y tiene como meta seguir estudiando, al igual que darle estudio a su hijo.
En esta operación de crédito están junto a Shirley,4 integrantes más todas señoras muy trabajadoras que también va a invertir en la compra de ganado y alimentos para estos animales.
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