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Banco Mujer Nuevo Caribe Group
In this Group: Cinthya, Leticia, Shirley, Sharon, Nydia, Lizeth, Karla, Silvia, Suyen*
* not pictured
This is Leticia’s second loan. She is a very successful small businesswoman, the head of her household, and she is an excellent mother. She says that the loan that was given was a great help to her and her colleagues in the communal bank.

She was able to invest in merchandise for the Christmas season. She got a lot of good earnings, which allowed her to reach one of the medium term goals she had set. She bought an automobile to facilitate the sales and collections for her products. She also uses the automobile to transport her disabled son to therapies and doctor’s visits.

She will use this loan in the same way. She will buy clothes, lingerie, and cosmetics. With the same motivation she is completely sure that her business will continue to grow.

Leticia’s communal bank is comprised of eight other members. They are very responsible, organized, and committed. They also develop commercial business activities and services.
View original language description ↓
Este es el segundo crédito de Doña Leticia, está microempresaria tan exitosa, jefa de hogar y excelente madre, nos cuenta que el financiamiento que le brindaron fue de mucha ayuda para ella y sus compañeras del grupo.
Ella pudo invertir en mercadería para la temporada navideña, y obtuvo muy buenas ganancias, que le permitieron alcanzar una de las metas que se había propuesto a mediano plazo, que es la compra de un automóvil para facilitar la venta y cobro de sus productos, así como el traslado de su hijo con discapacidad a terapias y visitas al doctor.
Para este préstamo ella va invertir en lo mismo, ropa, lencería y cosméticos, y con la misma motivación tiene toda la seguridad que su negocio va seguir creciendo.
El grupo de doña Leticia está compuesto por 8 socias más, que fueron muy responsables, organizadas y comprometidas, ellas también desarrollan actividades comerciales y de servicios.

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
  • 51
    View loans »
    Costa Rica Loans Fundraising
  • $4,673,875
    Funds lent in using Kiva
  • 504.0
    Costa Rica Colones (CRC) = $1 USD
A portion of Banco Mujer Nuevo Caribe Group's $4,475 loan helped a member to buy clothes, lingerie, and cosmetics.
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 18, 2012
Jun 4, 2012
Currency Exchange Loss:
Jul 4, 2012