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Banco Mujer Bulwak Group
In this Group: Kathia, Nubia, Niriam, Maryuri
Kathia’s a member of the “Bulwak” communal bank; she’s been a member of this group for many years. They have received five Fundación Mujer loans. She’s a single mother, head of household. She has two children, a 14-year-old and a 4-year-old. This so hardworking woman raises chicks and sells eggs. She also works as a secretary for an organization of indigenous women; she does all this to be able to support her children and provide schooling for her eldest son. The loans have been a very important work tool; they are what have made her micro business’s growth possible.

There are three other women with Kathia who will invest in animal husbandry and small industry activities
View original language description ↓
Doña Kathia es una de las integrantes de Banco Mujer Bulwak, tiene muchos años de pertenecer a este grupo, y han recibido 5 préstamos con Fundación Mujer. Ella es madre soltera y jefa de hogar, tiene 2 hijos, uno de 14 años, y otro de 4 años. Esta señora tan trabajadora se dedica a la cría de pollos de engorde, y venta de huevos. Además trabaja en una asociación de mujeres indígenas como secretaria, todo esto para poder sacar adelante a su familia y darle el estudio a su hijo mayor.
Los créditos han sido una herramienta muy importante para su negocio, y es lo que le ha permitido hacer crecer su microempresa.
Junto a Doña Kathia hay 3 señoras más que van a invertir en actividades agropecuarias y de pequeña industria.

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
  • 7
    View loans »
    Costa Rica Loans Fundraising
  • $3,978,825
    Funds lent in using Kiva
  • 499.5
    Costa Rica Colones (CRC) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Banco Mujer Bulwak Group's $2,825 loan helped a member to buy chicks and feed.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 14, 2012
Listed
Sep 24, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014