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Banco Mujer Sinai Group
In this Group: Dana , Mayela
Dana is the president of Banco Mujer SINAI. Her work as a leader has been very good and her group has a history of more than four years. She is 38 years old, is widow, and mother of two children who are 13 and four years old. She is entrepreneur, merchant for many years and sells women's clothing, sandals, and jewelry. She wants to invest the loan in this.

Her goal is to have a small store at home, but without stop selling on the streets as usual. She knows that with effort and responsibility, as well as with the help from Fundación Mujer's loans, she will achieve it.

Next to Dana, there's Mayela, who is going to invest in poultry.
View original language description ↓
Dana es la presidenta de Banco Mujer SINAI, su labor como líder ha sido muy buena, y su grupo tiene una trayectoria de más de 4 años. Con 38 años, es viuda, y madre de 2 hijos con edades de 13 y 4 años, ella es una mujer muy emprendedora, comerciante desde hace muchos años y vende; ropa de mujer, sandalias, bisutería, y el crédito lo quiere invertir en eso.
Su meta es llegar a tener una pequeña tienda en su casa, pero son dejar de vender en forma ambulante como hasta ahora. Sabe que con esfuerzo y responsabilidad, además de la ayuda de los préstamos de Fundación Mujer podrá lograrlo.
Junto a Dana está Doña Mayela que va a invertir en avicultura.

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

  • $12,900
    Average annual income
  • 43
    View loans »
    Costa Rica Loans Fundraising
  • $4,436,225
    Funds lent in using Kiva
  • 498.5
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Mujer Sinai Group's $1,625 loan helped a member to buy clothes, sandals and jewelry for sale.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 19, 2012
Listed
Sep 25, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014