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Banco Mujer Por Fe Group
In this Group: Johanna , Maria, Alba, Celia
Doña Maria is a member of the communal bank "Mujer Por Fe" (Woman of Honor) and has much entrepreneurial vision and will to aim ever higher. She is 38 years old and is the mother of three minor children. She did not have the opportunity to go to school due to lack of resources, and with her partner she has a little bakery that represents the only source of income for their household.

Six months ago her fellow members of Banco Mujer gave her the opportunity to join the group, and this is her second loan. She is going to invest it in the purchase of basic items such as flour, sugar, creams, jellies, and all the ingredients necessary to prepare bread and other bakery products.

Her work schedule begins very early to carry out her domestic duties, prepare her children to attend school, and dedicate sufficient time to her business, with the advantage that her partner helps her and together they see to the business.

The loan will be of a great help to her and her business since she will be able to invest more in working capital and increase production and with it the sales of her products.

Her great desire is to improve the economic situation of her family and at the same time their quality of life.

Along with Maria are Johanna, Alba, and Celia, her fellow bank members, who are going to invest in commercial activities and a small industry.
View original language description ↓
Doña María es una socia de Banco Mujer Por Fe, con mucha visión empresarial y ganas de superarse, tiene 38 años de edad y es madre de 3 hijos menores de edad, no tuvo la oportunidad de asistir al colegio por falta de recursos, y tiene junto con su compañero una pequeña panadería que representa la única fuente de ingresos económicos al hogar.
Hace 6 meses sus compañeras del Banco Mujer le dieron la oportunidad de integrarse al grupo,y este es su segundo crédito. Va a invertir en la compra de materia prima como; harina, azúcar, cremas, jaleas, queso, y todos los insumos necesarios para la elaboración de pan y otros productos de panadería.
Su horario de trabajo empieza muy temprano para realizar las labores domésticas, preparar a sus hijos para asistir a la escuela y dedicarle suficiente tiempo al negocio, con la ventaja de que su compañero le ayuda y juntos ven por el negocio.
El crédito va ser de gran ayuda para ella y su negocio ya que podrá invertir más en capital de trabajo, incrementar la producción y con ello las ventas de sus productos.
Su mayor deseo es mejorar la situación económica de su familia y a la vez su calidad de vida.
Junto a María están; Johanna, Alba y Celia, compañeras de operación de crédito que va a invertir en actividades comerciales y de pequeña industria.

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.

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

  • $11,100
    Average annual income
  • 8
    View loans »
    Costa Rica Loans Fundraising
  • $3,979,500
    Funds lent in using Kiva
  • 505.5
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Mujer Por Fe Group's $1,600 loan helped a member to buy basic ingredients to prepare bread. Other group members will buy sandals and household and sewing items.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2011
Listed
Nov 2, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012