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Banco Mujer Pacuare Group
In this Group: Fátima, Juana , Villaney, Roxana , Hazel , Kembly, Dixiana
Fátima is the president of the Banco Mujer Pacuare cooperative bank. She is 37 years old, a single mother, head of household, and has 2 teenage children who study in secondary school. This very hard-working woman dedicates herself to commerce, selling all types of clothing, costume jewelry and perfumes. In addition, she does miscellaneous part-time work in a school. She does all this to provide an education for her children and to maintain the household.

Fátima and her group have a long history in the Foundation, with more than 6 approved loans. She knows that the credits are an excellent tool for her business, and they are what have allowed her to invest in and grow her business.

Together with Fátima, there are 6 more members who are going to invest in commercial activities.
View original language description ↓
Fátima es la presidenta de Banco Mujer Pacuare, con 37 años de edad, es madre soltera, jefa de hogar, tiene 2 hijos adolescentes que estudian en la secundaria, esta señora tan trabajadora, se dedica al comercio, vende todo tipo de ropa, lencería y perfumería, y además trabaja medio tiempo en una escuela como miscelánea. Todo esto para poder darle el estudio a sus hijos, y mantener su hogar.
Doña Fátima y su grupo tienen mucha trayectoria en la Fundación, con más de 6 préstamos aprobados, ella sabe que el crédito es una excelente herramienta para su negocio, y es lo que le ha permitido invertir en su negocio y hacerlo crecer.
Junto a Fátima están 6 socias más que van a invertir en actividades comerciales.

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
  • 0
    View loans »
    Costa Rica Loans Fundraising
  • $4,022,575
    Funds lent in using Kiva
  • 492.6
    Costa Rica Colones (CRC) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Banco Mujer Pacuare Group's $7,125 loan helped a member to buy all types of clothing to offer for sale.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 12, 2012
Listed
Sep 23, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014