Banco Mujer Nuevo Caribe Group
Leticia must rise very early every morning to tend to her son, prepare meals for those that are heading to school, to do her household chores so that when they return home from school she can go out into the community to sell her products. She sells clothes, lingerie, perfume, cosmetics and other products which thanks to her loan from Fundación Mujer she will be able to invest in more merchandise for the Christmas season.
This very determined woman has her goals very well defined and she intends to reach them in reasonable time. Among them are: having her own home-based store while continuing to sell her products door to door; to buy a car so that it will be easier for her to move from place to place to sell her merchandise as well as to take her son to the doctor and other therapies that are indispensable for him and, the most important thing, to give her children a better quality of life, especially to her disabled son.
There are seven more members with Leticia who are all very enterprising and who wish to get ahead; they carry out commercial and small industry activities.
Doña Leticia se debe levantar muy temprano todos los días, para poder atender a su hijo, preparar la comida de los que se van a la escuela, hacer la labores domesticas, y para cuando ellos regresan de estudiar, poder salir a vender sus productos por toda la comunidad. Ella comercializa ropa, lencería, perfumes, cosméticos y otros productos, que gracias al préstamo de Fundación Mujer va a poder invertir en más mercadería a para la temporada navideña.
Esta mujer tan luchadora tiene sus metas bien definidas, y piensa lograrlas a mediano plazo, tales como; tener su propia tienda en la casa, pero sin dejar de vender productos en forma ambulante, además de comprarse un automóvil, para que le sea más fácil trasladarse a vender su mercadería así como llevar a su hijo al doctor y otras terapias que son indispensables para él, y lo más importante darles a sus hijos una mejor calidad de vida, principalmente a su hijo con discapacidad.
Junto a Leticia están en el grupo 7 señoras más, todas muy emprendedoras, con deseos de salir adelante y que desarrollan actividades comerciales y de pequeña industria.
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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