Banco Mujer Buscando El Triunfo Group
This is the second loan she has requested from Fundación Mujer, and is very happy with the services it provides her. She will use the loan to purchase shoes, which are what she sells in the Talamanca region where she lives.
The loan is of great help to her since it has allowed her to have a variety of shoes available, increase her sales, and generate extra revenue to help her husband cover housing costs.
In the group with Kimberly are Yolanda, Berta, Delia, and Jeanneth, who will invest in commercial activities and raising chickens.
Este es el segundo crédito que solicita a Fundación Mujer, y está muy conforme con los servicios que le brinda, el préstamo lo va a invertir en la compra de zapatos que es lo que ella vende en la zona de Talamanca donde vive.
El crédito es de gran ayuda para ella ya que le ha permitido tener variedad de zapatos para ofrecer, aumentar sus ventas, y generar un ingresos extra para ayudarle a su esposo a cubrir los gastos del hogar.
En el grupo con Kimberly están, Yolanda, Berta, Delia Y Jeanneth, que van invertir en actividades comerciales y cría de pollos.
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.
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Success!! The loan was 100% repaid