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Banco Mujer Por Fe Group
In this Group: Doris, Yensy, Lilliana, Yesenia, Nuvia, Tania , Lilliana
Yensy is the treasurer of the communal bank of Mujer Por Fe. She is a fighting woman who wants to get ahead for herself and her son. She is a 27 year old single mother, working as a seamstress, making clothing as well as curtains, sheets, and other items. She works at home, where she lives with her 8 year old son, and her parents, who are elderly and whom she watches over.

This is her third loan and she tells us that her earlier ones permitted her to grow her small business and increase her earnings, and also she has many projects in mind to develop with the use of this loan.

Besides Yensy, there are 6 more members, that are going to invest in commercial activities.
View original language description ↓
Yensy es la tesorera de Banco Mujer Por Fe, es una mujer muy luchadora que quiere salir adelante con su hijo, está madre soltera de 27 años, trabaja como costurera, confeccionando prendas de vestir así como cortinas, ropa de cama y otros. La actividad la realiza en su casa, donde vive con su hijo de 8 años, y sus padres, que son adultos mayores por los que tiene que velar.
Este es el tercer crédito y ella nos cuenta que los anteriores le han permitido hacer crecer su microempresa y aumentar sus ingresos, además tiene muchos proyectos en mente por desarrollar para este crédito.
Junto a Yensy hay 6 integrantes más, que van a invertir en actividades comerciales.

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.

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.

About Costa Rica

  • $12,900
    Average annual income
  • 26
    View loans »
    Costa Rica Loans Fundraising
  • $4,365,675
    Funds lent in using Kiva
  • 503.2
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Mujer Por Fe Group's $4,875 loan helped a member to buy raw materials such as fabrics, threads, elastic, etc.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 18, 2012
Listed
Jun 3, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014