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Banco Mujer Luz De Esperanza Group
In this Group: Patricia, Xinia, Mónica
Mónica is another of the members of Banco Mujer Luz de Esperanza. She is 50 years old, married, and has four children. She lives with her husband and her younger son. She is a very brave and hardworking woman. Her family has had to face many difficult situations, her husband is on disability retirement, and the pension he receives is very low. And this year she couldn't send her younger son to school for a lack of funds. Nevertheless, nothing discourages her, on the contrary she works even harder to get ahead.

This is the first loan she is asking for and she knows it's a great opportunity to develop her small business, which is raising pigs. She will invest the loan in buying animals, feed, and vitamins.
Mónica's main objective is to generate income to help her family, and give her younger son a basic education.
There are two women with Mónica who are also going to invest in agricultural activities.
View original language description ↓
Doña Mónica es otra de las integrantes de Banco Mujer Luz de Esperanza, tiene 50 años de edad, es casada y tiene 4 hijos. Vive con su esposo y su hijo menor. Ella es una mujer muy valiente y trabajadora, su familia ha tenido que afrontar muchas situaciones difíciles, su esposo por invalidez esta jubilado, la pensión que recibe es muy baja, y a su hijo menor este año no lo pudo mandar al colegio por falta de recursos. Sin embargo a ella nada la desanima, por el contrario trabaja aún más para salir adelante.
Este es el primer crédito que solicita y sabe que es una gran oportunidad para desarrollar su microempresa, que es la cría de cerdos, el préstamo lo invertirá en la compra de animales, concentrados, y vitaminas.
El principal objetivo de Doña Mónica, es generar ingresos para ayudar a su familia, y darles los estudios básicos a su hijo menor.
Con Mónica están 2 señoras más que también van a invertir en actividades agropecuarias.

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
  • 36
    View loans »
    Costa Rica Loans Fundraising
  • $4,441,500
    Funds lent in using Kiva
  • 508.0
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Mujer Luz De Esperanza Group's $900 loan helped a member to buy pigs, feed, and vitamins.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 14, 2012
Listed
Mar 28, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2012