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Banco Mujer Sahara Group
In this Group: Rosa, Maria, Ana, Maria, Blanca, Maria, Seidy, Jenny
María is the treasurer of the Mujer Sahara bank, a group that has worked a lot with Fundación Mujer. She is 66 years old, married and has 4 children. All of them are grown and none of them live with her. For her, her age is no impedidment to staying active, working and producing with her husband. They are merchants and and they have a grocery and variety store.

The women have received various loans. All of them have been paid off on time and were invested in their microbusinesses. They were a big help in making them grow.

This woman's plans are to save and ensure a more peaceful old age, as well as help her grandchildren. With María are 7 more members who are going to invest in commercial activities.
View original language description ↓
Doña María es la tesorera de Banco Mujer Sahara, un grupo con mucha trayectoria en Fundación Mujer. Ella tiene 66 años, es casada y tiene 4 hijos, todos mayores de edad y ya ninguno vive con ella. Para ella su edad no es ningún impedimento para seguir activa, trabajando y produciendo junto a su esposo, se dedican al comercio y tienen una pulpería y bazar.
Ellas han recibido varios créditos, todos han sido pagados muy puntualmente, y se invirtieron en sus microempresas siendo de gran ayuda para hacerlas crecer.
Los planes de esta señora es ahorrar y asegurarse una vejez más tranquila, y también ayudar a sus nietos.
Junto a Doña María están 7 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.

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.

About Costa Rica

  • $11,100
    Average annual income
  • 57
    View loans »
    Costa Rica Loans Fundraising
  • $4,320,650
    Funds lent in using Kiva
  • 498.5
    Costa Rica Colones (CRC) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Banco Mujer Sahara Group's $5,625 loan helped a member to buy merchandise for her store such as groceries and cleaning items.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 19, 2012
Listed
Sep 24, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014