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Banco Mujer Mujeres En Acción Group
In this Group: Gerardina, Irene, Teresa, Lidia
Teresa is one of the members of the 'Mujeres en Acción' Women's Bank. She is 33 years old and lives with her two children, who are studying at elementary school and high school, and her partner (the children's father). Teresa didn't have the opportunity to continue her education. She only finished elementary school owing to the difficult economic circumstances in which her family lived. She had to work from a very young age in order to contribute towards the household alongside her parents.

Teresa is a very hard-working woman who has a great desire to do well in life. She carries out a number of business activities such as poultry farming and selling eggs. She also sells groceries, food and other household products. This loan is very helpful because it will allow her to invest in buying raw materials such as hens, chickens and feed. Her aims are clear and her dreams are what give her the strength to keep making progress. Her goals are to expand her hen house and to increase her egg production. She would also like to have a small grocery store in her home so that she can contribute towards her household income, provide her children with an education and generally improve her family's quality of life.

Together with Teresa are Gerardina, Irene and Nidia who will also invest in poultry farming.
View original language description ↓
Teresa es una de las socias de Banco Mujer Mujeres en Acción, tiene 33 años de edad, vive con sus 2 hijos, estudiantes de primaria y secundaria, y con su compañero y padre de los niños. No tuvo la oportunidad de seguir estudiando, solamente término la escuela, debido a la condición económica tan difícil en la que vivía su familia, por ello se vio obligada a trabajar desde muy joven para contribuir con sus padres.
Ella es una mujer muy trabajadora, y con muchas ganas de superarse, realiza varias actividades productivas, como la avicultura, venta de huevos, también vende abarrotes, comestibles y otros productos para el hogar. El crédito es de mucha ayuda porqué le va a permitir invertir en la compra de materia prima, como gallinas, pollos y alimentos. Sus objetivos son claros, y sus sueños son los que le dan la fuerza para seguir adelante, se ha propuestos; agrandar su gallinero y aumentar la producción de huevos, así como tener una pequeña pulpería en su casa, para colaborar con los ingresos de su hogar, darles estudios a sus hijos, y en general mejorar la calidad de vida de ella y su familia.
Con Teresa, están Gerardina, Irene y Nidia que también va a invertir en la Avicultura.

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

  • $11,100
    Average annual income
  • 57
    View loans »
    Costa Rica Loans Fundraising
  • $4,320,650
    Funds lent in using Kiva
  • 502.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Mujer Mujeres En Acción Group's $1,600 loan helped a member to buy hens, chickens and concentrate.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 11, 2011
Listed
Nov 17, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012