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Banco Mujer Creciendo Juntas Group
In this Group: Edel, Lucia , Mónica , Maria, Luzmilda, Rosibel, Marielos, Wendy, Alba, Lorena
Edel is the President of the “Mujer Creciendo Juntas” communal bank. She’s 42 years old and the mother of five children. Two of them are already adults and no longer live with her and the others are in secondary and elementary school; she also has a new-born, two-month old son.

Family income is very low. Her husband works for a pineapple plantation but his salary is insufficient to cover his family’s basic needs. Because of this she works very hard. Starting very early in the morning she rises to do the chores related to the pig farm: washing the pigsties where the pigs are and feeding them. She also does the household chores. Then she goes off to work half-days in the local school’s kitchen and when she returns home she also does sewing. All of this is to be able to provide schooling for her children and to help her husband cover expenses.

This is the third loan she’s requested from Fundación Mujer. In the previous loans she and her fellow group members have been very responsible and punctual.

Edel is a very determined woman who seeks her and her family’s wellbeing. She knows that she can only reach it through much effort and dedication. Her greatest wish is to improve her and her family’s quality of life, to have her own home-based business so as not to have to go out anymore.

The bank currently has ten members and they will invest in animal husbandry, banana and other vegetable farming, cattle and pig raising.
View original language description ↓
Doña Edel es la presidenta de Banco Mujer Creciendo Juntas, tiene 42 años, es madre de 5 hijos, 2 de ellos ya mayores de edad que no viven con ella, los otros están en escuela y colegio, y un niño de apenas 2 meses de nacido. Los ingresos económicos de su familia son muy escasos, su esposo trabaja en una finca piñera, y lo que recibe de salario se hace insuficiente para cubrir los gastos básicos de su familia, por eso trabaja mucho, desde muy temprano se levanta para realizar las labores de porcicultura, lavar los chiqueros donde están los cerdos, darles de comer, así como sus labores domesticas, luego se va a trabajar medio día a la cocina de la escuela de su comunidad, y para cuando regresa también realiza labores de costuras. Todo esto para poder darle los estudios a sus hijos y ayudarle a su esposo con los gastos. Este es el tercer crédito que solicita a Fundación Mujer, y en los créditos anteriores ella y sus compañeras de grupo han sido muy responsables y puntuales. Edel es una mujer muy luchadora, que busca el bien para ella y su familia, y sabe que solo con mucho esfuerzo y dedicación puede lograrlo, su mayor anhelo es mejorar la calidad de vida de ella y su familia, tener su negocio propio en la casa para ya no tener que salir a trabajar. Actualmente el banco está compuesto por 10 socias, y van a invertir en actividades agropecuarias, como siembra de plátano y otras hortalizas, cría de ganado y cerdos.

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
  • 10
    View loans »
    Costa Rica Loans Fundraising
  • $4,502,650
    Funds lent in using Kiva
  • 509.6
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Mujer Creciendo Juntas Group's $3,925 loan helped a member to buy pigs and feed concentrate.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 18, 2011
Nov 10, 2011
Currency Exchange Loss:
Dec 15, 2012