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Banco Mujer Mujeres Esforzadas Group
In this Group: Grettel , Diana , Herminia , Maribel , Kenyi, Kattia
The “Women's Bank of Vigorous [Enterprising] Women” is presenting this request for loans for its 6 members, who work in the community of Fray Casiano in Puntarenas with its high levels of poverty. The women's group maintains savings accounts and participates in group activities inj their zone to generate income. The members have been working in various types of activities for 8 years, having requested loans in the past. They understand how the group can work together and have formed a Directing Committee and drafted “Act No. 1” to form the “Women's Bank of Vigorous Women”.

Hard work and much effort has allowed them to consolidate their activities in general commerce, including selling clothing, shoes, perfumes and other things. The loan will contribute to improving the group's working conditions, allowing them to invest for another half year, increasing their inventory, and covering orders for the mid-year vacation period and Mothers Day.

They plan to recover their investment in weekly payments. This will permit them to enjoy a more ample profit margin. They promise to retire their debt within a period of 8 months.

Some of the women are heads of households and single mothers. In addition to carrying out their economic activities during the afternoons, they also must care for their children and attend group reunions.

Their objective is to improve the condition of their enterprises, obtaining financing according to their needs and helping in the development of the zone. They also wish to improve their families' quality of life. The group's name motivates them to be better “Enterprising Women” every day.
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Banco Mujer Mujeres Esforzadas
Fray Casiano Puntarenas
2012-178


Banco Mujer Mujeres Esforzadas presenta la solicitud de crédito de 6 integrantes, quienes han trabajan en una comunidad de Puntarenas (Fray Casiano) con altos niveles de pobreza. El grupo de mujeres en la zona mantiene un ahorro y participan en las actividades grupales para la generación de ingresos. Tienen 8 años de trabajar en sus actividades, han solicitado préstamos y conocen la modalidad de trabajo grupal. Se forma la Junta Directiva y se levanta el acta No.1 de formación del Banco Mujer Mujeres Esforzadas.

Su trabajo y esfuerzo, les ha permitido tener su actividad consolidada como es el comercio en general (venta de ropa, zapatos, perfumes y otros). El préstamo va a contribuir a mejorar las condiciones de trabajo de su grupo, les va a permitir invertir para medio año, incrementando su inventario y cubriendo pedidos para la época de vacaciones de medio año y día de la madre.

Realizan la recuperación de la cuota en forma semanal lo que les permite tener un margen más amplio del pago a realizar, la cual se comprometen a cancelar en un período de 8 meses.

Algunas de ellas son mujeres jefas de hogar y madres solteras, además de atender sus actividades económicas por las tardes, también ven a sus hijos y cumplen con las reuniones grupales.

El objetivo es mejorar las condiciones de sus empresas, obteniendo un financiamiento acorde con sus necesidades y apoyar el desarrollo de la zona y por su puesto mejorar la calidad de vida de las familias. El nombre del grupo las motiva a ser mejores cada día, Mujeres Esforzadas.

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
  • $4,059,650
    Funds lent in using Kiva
  • 503.5
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Mujer Mujeres Esforzadas Group's $2,400 loan helped a member purchase clothing, shoes, and perfumes, among other products, to sell during mid-year vacation season and for Mothers Day.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 16, 2012
Listed
Jul 16, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2013