Banco Mujer Santa Lucía Group
They have already received the primordial requirement of the capitalization process and the first loan, which they paid punctually. Now they are requesting a second loan according to the communal bank modality, for the amount of 250,000 each.
For personal reasons one of the members retired from the group, which is why in the photo there is one extra person, as this was the photo we had in our records.
They await this loan enthusiastically as it will allow them to extend their businesses by buying more stock to sell via catalogue and raw material to make crafts and artesanal objects.
Ya ellas recibieron el proceso de capacitación, requisito primordial y el primer crédito, que pagaron en forma puntual, ahora están solicitando el segundo crédito según la modalidad del banco mujer,por un monto de 250.000 colones cada una.
Por razones personales una de sus integrantes se retiró del grupo, por eso es que en la foto que se sube al perfil hay una señora de más ,ya que es la foto que tenemos en nuestros registros.
Ellas esperan con gran entusiasmo este crédito, ya que les permitirá ampliar sus
negocios, al poder comprar más mercadería para las que venden productos por catálogo y materias primas para las que producen manualidades y artesanías.
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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