Banco Mujer Mujeres De Excelencia Group
She is a young woman. She’s 30 years old, a farmer and the mother of two minor children. She’s lived with her spouse for more than 11 years and both work farming to provide sustenance to their family; this is their only source of income. They plant various crops like bananas, sweet potatoes, potatoes, corn and other products.
This is her fourth loan request. The previous ones were a very important tool for her family micro business. Her goal is to provide schooling for her children so that they can become professionals as well as to improve her family’s quality of life.
There are 8 members with Isabel who will invest the loan in farming and animal husbandry activities.
Ella es una mujer joven, de 30 años, agricultora, y madre de 2 hijos menores de edad, vive con su compañero desde hace más de 11 años, y ambos trabajan en la siembra de cultivos para llevar el sustento a su familia, siendo este es el único medio de ingresos que perciben. Siembran varios cultivos como plátano, camote, papa, maíz y otros productos.
Este es el cuarto crédito que solicita y los anteriores han sido una herramienta muy importante para su microempresa familiar. Su meta es darle los estudios a sus hijos y que lleguen a ser profesionales, así como mejorar la calidad de vida de su familia.
Con Isabel están 8 socias más que van a invertir el crédito 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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Success!! The loan was 100% repaid