Bamco Mujer Hacia El Futuro Group
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.
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.
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