Elvira is a member of the Jehová Proveerá Women’s Bank, a group Shiroles indigenous community of Talamanca. She is a hard-working, 36-year-old mother of 5 dependent children. Of the children, only 2 go to school, as the family doesn’t have enough money for all of them to attend school. This family of very modest means, works in agriculture. They have a small farm where they grow plantain; the challenges they face include having to sell their product to middlemen at a lower price, because they themselves don’t have the possibility to transport their product to other areas where they could sell for a fair price. She has received 4 loans and each was invested in the production of plantain, allowing her to buy supplies for the caretaking of the crop, and that way, continue production. The whole family works on the farm as it’s their only source of income.
Together with Elvira, there are 6 more members who will be investing in agricultural or commercial activities.
Elvira es una de las integrantes de Banco Mujer Jehová Proveerá, un grupo con mucha trayectoria de la comunidad indígena de Shiroles en Talamanca. Ella es una mujer muy trabajadora, de 36 años y madre de 5 hijos, todos menores de edad, y únicamente 2 estudian, ya que no cuentan con los ingresos necesarios para que todos asistan a la escuela ó el colegio. Está familia de muy escasos recursos trabajan en la agricultura, es una pequeña finca de su propiedad siembran plátano, y los principales obstáculos que deben enfrentar es el bajo precio que se ven obligados a vender sus cultivos a los intermediarios, ya que no tiene la posibilidad de trasladar sus productos a otras zonas para venderlos a precios justos.
Está solicitante ya ha recibido 4 préstamos, y todos lo ha invertido en la producción de plátano dándole la oportunidad de comprar insumos para el cuido del cultivo, y así seguir produciendo. Toda la familia trabaja en la finca ya que es la única fuente de ingresos para ellos.
Junto a Doña Elvira hay 6 socias más que van a invertir en actividades agropecuarias y comerciales.
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.