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Banco Mujer Promujer Group
In this Group: Francisca Guiselle, María Anita , Blanca Rosa , Herminia, Gladys, Aracelly, Marisol
This is a group of women who live in the Puntarenas province, Corredores canton, Darizara district, in the southern zone of Costa Rica. It is known for low availability of employment for people over 40, which is the case with the majority of the members of this group. Therefore, these women need to generate a source of self-employment. They manage to do this by selling products by catalog. They sell a great variety of goods like personal care items, clothes, household goods, and jewelry, etc. Five of the members will use the loan to invest in this. Two of the members make underwear. They sell their products through their colleagues, which creates greater solidarity between them.

Even though these women live close to the Panamanian border, where there is a very strong commercial zone, they have the opportunity to sell their products. They sell through a payments system, and their products sell because of their quality.

Among the future plans for these women is to be able to keep being a financial support to the household. This way they achieve a greater quality of life. The majority of them are women alone, and those that have life partners are paid low salaries or are underemployed.

That is why the business activities of these women are so important to generate income for their families.
View original language description ↓
Este es un grupo de mujeres que viven en la provincia de Puntarenas, en el cantón de Corredores, en el distrito Darizara, en la zona Sur de Costa Rica, caracterizada por la poca oferta de empleos remunerados para personas que superan los cuarenta años como es el caso de la mayoría de las integrantes del grupo, de allí que a estas mujeres tengan que generar una fuente de autoempleo, lo cual logran con la venta de productos de catálogo, donde se ofrece una gran variedad de articulos tanto para el cuido personal, ropa, articulos para el hogar, bisuteria ete, y es en lo que invertiran este préstamo cinco compañeras, hay dos que se dedican a la confección de ropa interior las que comercializan sus productos por medio de sus compañeras, con lo que se logra una mayor solidaridad entre ellas.
Aún cuando estas mujeres viven muy cerca de la frontera con Panama, donde existe una zona comercial muy fuerte, tienen la posibilidad de comercializar sus productos, primero por ofrecerlos mediante el sistema de pagos, asi como por la calidad de los productos que ofrecen.
Dentro de los planes a futuro de estas señoras esta el poder seguir haciendo un aporte a la economia domestica, logrando con ello mejorar la calidad de vida, ya que en la mayoria de los casos, son mujeres solas y las que tienen compañeros devengan salarios bajos o estan subempleados; de alli que la actividad de estas mujeres sea importante en la generación de ingresos para sus familias.

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
  • 12
    View loans »
    Costa Rica Loans Fundraising
  • $4,061,875
    Funds lent in using Kiva
  • 499.6
    Costa Rica Colones (CRC) = $1 USD
Expired
A portion of Banco Mujer Promujer Group's $4,125 loan helped a member to buy merchandise like underwear, perfume, and cosmetics by catalog.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2012
Listed
Jul 7, 2012
Currency Exchange Loss:
Possible
Expired:
Aug 6, 2012