Banco Mujer Damas De Fé Group
For various family reasons, it has been very difficult for her to go out to work in order to help with the household expenses. That's why some time ago she started to raise pigs in her house, and sell them in her community.
This is the third loan Leonor is applying for, and the previous ones have allowed her to inject working capital into her small company, through the purchase of pigs, concentrates and vitamins. She knows how important the loans are for her business, and the opportunity they provide for generating income for her family, for self-improvement, and for improving quality.
In the group with Leonor are eight other members who are going to invest in farming and livestock raising.
Este es el tercer crédito que solicita Leonor, y los anteriores le han permitido hacerle inyecciones de capital de trabajo a su pequeña empresa, como compra de cerdos, concentrados, vitaminas. Ella sabe lo importante que son los préstamos para su negocio, y la oportunidad que tienen de generar ingresos para su familia, superarse y mejorar la calidad.
En el grupo junto a Doña Leonor están 8 socias más 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.
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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