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Bamco Mujer Hacia El Futuro Group
In this Group: Denia, Edith, Ana, Mireya, Flor, Marjorie, Ana, María, Elizabeth , Selfida, Abigail
Denia is President of the “Mujer Hacia el Futuro” communal bank. She’s a woman with good leadership skills and drive to get ahead and help women in her community. She’s 49 years old and the mother of 7 children, all adults now. She lives just with her husband now. She is a merchant selling catalogue merchandise like perfume and cosmetics to help her husband cover household expenses since he works in a small banana farm he owns and income generated is low.

The loan will be of great help for the member since she will invest it in the purchase of merchandise since she has many pending orders this Christmas season and it will also allow her to increase family income and improve her and her husband’s quality of life. Her goal is that her business grows enough so that her husband can stop working on the banana plantation and help her with sales since he’s ill.

This group has a total of 11 members who carry out a variety of activities in animal husbandry and commerce and will be using their loans to buy merchandise and raw materials.
View original language description ↓
Doña Denia es la presidenta de Banco Mujer Hacia el Futuro, una mujer con mucho liderazgo, ganas de salir adelante, y ayudar a mujeres de su comunidad. Tiene 49 años, es madre de 7 hijos, todos mayores de edad, y vive actualmente solo con su esposo. Ella es comerciante vende productos por catalogo, cosméticos y perfumes, para ayudar a su esposo con los gastos del hogar, ya que él trabaja en una pequeña finca bananera propia, y los ingresos que genera son muy pocos.
El crédito va ser de gran ayuda para la socia, y va a invertir en la compra de mercadería ya que tiene muchos pedido para esta temporada navideña, y además le permitirá aumentar los ingresos familiares, y mejorar la calidad de vida de ella y su esposo.
Su meta es que su negocio crezca lo suficiente como para que su esposo deje de trabajar en la finca bananera y le ayude a ella con las ventas, ya que está muy enfermo.
Este grupo está compuesto por un total de 11 socias, que realizan diversas actividades agropecuarias y comerciales y van a invertir los créditos en la compra de mercadería y materia prima.

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
  • 46
    View loans »
    Costa Rica Loans Fundraising
  • $4,672,725
    Funds lent in using Kiva
  • 501.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A portion of Bamco Mujer Hacia El Futuro Group's $3,300 loan helped a member to buy cosmetics.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Dec 6, 2011
Dec 11, 2011
Currency Exchange Loss:
Jul 15, 2012