Banco Mujer El Alba Group
She has taken out two loans with Fundación Mujer, but this is her first loan with Banco Mujer El Alba and she will use the loan to buy merchandise, such as clothing, sandals, and perfumes. She is a very good salesperson and the income she makes at her business is what has allowed her to get ahead. In spite of the obstacles she has faced, such as lack of investment money, among other situations, she has made it her goal to improve her quality of life, to send her son to school, and to keep studying. Her dream is to be able to attend a university and she is working hard to achieve it.
There are six other members besides Jeisel, who work in agriculture and livestock and commerce.
Ella ha tenido 2 préstamo con Fundación Mujer, pero es el primer con Banco Mujer El Alba, y el crédito lo va a invertir en la compra de mercadería como ropa, sandalias y perfumes. Es muy buena vendedora, y los ingresos que le genera su negocio es lo que le ha permitido salir adelante. Pese a los obstáculos que ha tenido que enfrentar, como falta de dinero para invertir entre otras situaciones, ella se ha propuesto mejorar la calidad de vida, darle los estudios a su hijo, y continuar estudiando, sueña con poder asistir a la Universidad, y está luchando para lograrlo.
Junto a Jeisel están 6 integrantes más, que desarrollan actividades agropecuarias y comerciales.
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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