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Banco Mujer Epifanía Group
In this Group: Keylin, Kenia, Flor
This is the second loan that Keylin and her communal bank, Banco Mujer Epifanía, have requested. She is a 19 year old student. She will complete high school this year. She has a great desire to excel, and her short term goal is to be able to pay for her university studies.

That is why she keeps working with great determination in her business, selling clothes and jewelry. Her most important goal is to become a professional and to help her family, who has given her everything so far.

The loan was very important for her business. It allowed her to invest work capital, to have more merchandise, and to increase her customer portfolio.

There are two more members in the group. They are going to invest in farming activities.
View original language description ↓
Este es el segundo crédito que solicita Keylin y su grupo Banco Mujer Epifanía, ella tiene 19 años, es estudiante, y este año finaliza la secundaria, ella tiene muchas ganas de superar y su meta a corto plazo es poder pagarse los estudios universitarios, por eso sigue trabajando con mucho empeño en su negocio que es la venta de ropa Y bisutería. Su meta más importante es convertirse en una profesional, y ayudar a su familia que le ha dado todo hasta ahora.
El crédito fue muy importante para su negocio ya que le permitió invertir en capital de trabajo, contar con mas mercadería y así aumentar su cartera de clientes.
En el grupo están 2 socias más que van a invertir en actividades agropecuarias.

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.

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

  • $11,100
    Average annual income
  • 16
    View loans »
    Costa Rica Loans Fundraising
  • $4,065,825
    Funds lent in using Kiva
  • 493.1
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Mujer Epifanía Group's $1,525 loan helped a member to buy clothes and jewelry to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 11, 2012
Listed
Jul 4, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 18, 2013