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Banco Mujer Mujeres Al Poder Group
In this Group: Anais, Mariana, Isabel, Norma, Ayda, Maritza
Isabel is the treasurer of the 'Mujeres al Poder' Women's Bank. She is 33 years old, married, and lives with her husband and her two children who are dependent on her and still in school. Isabel is an itinerant street vendor. She sells clothing for the whole family, as well as underwear and shoes. She also has livestock on her property which she fattens. She carries out this business in parallel with her sales business.

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.
View original language description ↓
Doña Isabel es la tesorera de Banco Mujer Mujeres al Poder, tiene 33 años, es casada, y vive con su esposo y sus dos hijos, que son menores de edad y estudian. Doña Isabel es una vendedora ambulante, y comercializa ropa para toda la familia, así como ropa intima y zapatos. Además tiene en su propiedad ganado de engorde, que representa una actividad paralela al comercio.
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.

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.

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

  • $11,100
    Average annual income
  • 29
    View loans »
    Costa Rica Loans Fundraising
  • $4,168,700
    Funds lent in using Kiva
  • 509.2
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Mujer Mujeres Al Poder Group's $4,125 loan helped a member to buy merchandise (men's, women's and children's clothing, underwear and shoes).
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 21, 2012
Listed
Mar 29, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013