Banco Mujer Emprendedoras Group
Fray Casiano, Puntarenas
The Mujer Emprendedoras ["Entrepreneurial Women"] Bank presents the loan request of nine members who have worked together as an organized group in Fray Casiano for 8 years. This is an area of Puntarenas with a high level of poverty. These women have demonstrated a good grasp of the concepts of group work (solidarity, savings, and coordinating activities to generate income) and have clear work rules. They have requested loans and know the discipline of group work.
They have formed a board of directors, and the original documents were prepared to set up the 'Entrepreneurial Women' communal bank.
Their hard work and effort has allowed each of them to be better street merchants; this fact was evidenced in the meetings with each member.
Erika, a group member, will invest this loan in the purchase of sandals, clothing, beauty products, and general merchandise, increasing her inventory and covering orders for the vacation season and Mothers' Day. These women also sell food and raffle tickets, which allows them to increase their savings and support their families by covering household costs and their children's studies. The majority are single mothers, the heads of their households, and their economic contributions are very important for their quality of life and that of their sons and daughters.
Erika is a very hard-working woman, and thanks to the group's internal organization she will be able to pay back the loan weekly, which will allow her to have a wider margin to get the money for repayment. Their group president sells clothing. They feel that she has been a good leader. They hope to get this loan so that they can keep growing every day.
They are hard-working women. Through their organization they have been able to succeed and improve their families' incomes, supporting their children's studies and helping their partners to contribute to the household funds.
Fray Casiano, Puntarenas
Banco Mujer Emprendedoras presenta la solicitud de crédito de 9 integrantes, quienes han trabajado desde hace 8 años como grupo organizado en Fray Casiano, zona de alta pobreza en Puntarenas. Han demostrando buen manejo de los conceptos de trabajo grupal (solidaridad, ahorro y además de coordinar actividades generando fondos), tiene reglas claras de trabajo. Ellas 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 Emprendedoras.
Su trabajo y esfuerzo les ha permitido tener la actividad de comercio ambulante mejor consolidada, situación que se corrobora en la visita realizada a cada una de las solicitantes.
Erika, integrante del grupo invertirán su crédito en la compra de sandalias, ropa, artículos de belleza y mercadería en general, incrementando su inventario y cubriendo pedidos para la época de vacaciones y día de la madre. Además, realizan ventas de comida y rifas que les permiten incrementar su ahorro y apoyar a sus familia en los gastos del hogar y estudio de los hijos, ya que la de las integrantes son madres solteras y jefas de hogar y su aporte económico es muy importante para la calidad de vida de ellas y la de sus hijos e hijas.
Ericka es una mujer muy luchadora y gracias a la organización interna del grupo logra realizar la recuperación de la cuota en forma semanal, lo que les permite tener un margen más amplio para la obtención del dinero para el pago. Su presidenta se dedica a la venta de ropa y consideran ha sido una buena líder y esperan contar con esté préstamo para seguir creciendo cada día.
Son mujeres luchadoras, que por medio de la organización han logrado superarse y mejorar los ingresos de sus familias, apoyando en el estudio a sus hijos y a sus parejas a contribuir en la economía familiar.
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.
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