Banco Mujer Mujeres Al Poder Group
Isabel is pregnant with her third child but this doesn't stop her from going out to different communities to sell her products in order to help toward her household expenses and, above all, cover the cost of her children's education. This is her responsibility because her husband's salary doesn't stretch far enough.
This is the third loan that Isabel has requested and she will invest it in buying clothing and shoes because she currently has a lot of demand for her merchandise but doesn't have the money she needs to make the necessary investment in working capital.
The group to which Isabel belongs has five further members. They are all responsible and hard-working ladies who will invest in their agricultural businesses.
Isabel está embarazada de su tercer hijo, pero eso no le impide salir a vender por diferentes comunidades para ayudar a los gastos del hogar, y principalmente para pagar los estudios de sus hijos que es su responsabilidad, ya que con lo que su esposo recibe de salario no alcanza.
Este es el tercer crédito que solicita y lo va a invertir en la compra de ropa y zapatos, gracias a que actualmente tiene mucha demanda de mercadería, pero no contaba con el dinero para hacer la inversión en capital de trabajo.
Es grupo al que pertenece Isabel está compuesto por 5 integrantes más, todas señoras muy responsables y trabajadoras, que van a invertir en actividades agropecuarias.
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