Criselda is the leader of the communal bank "Epifania." She is 36 years old, married, and has an 8 year-old son. She is a merchant who is determined to prepare herself professionally, excel, and help her husband financially so that she can provide her son with a better quality of life. Thanks to her experience and to the 2 loans that she has received from Fundacion Mujer, she has managed to consolidate her business and diversify the products that she offers for sale. She will invest this new loan in merchandise to prepare her business for the Christmas season.
Criselda has a number of goals for the medium term, such as finishing her technical studies and other classes, all of this with the goal of becoming a successful small-businesswoman and helping her husband with the household expenses. Along with Criselda, there are 6 other members who are going to invest this loan in their commercial activities.
Criselda es la líder de Banco Mujer Epifanía, con 36 años, casada y un hijo de 8 años, está comerciante se ha propuesto prepararse profesionalmente, superar y ayudar a su esposo económicamente y así darle una mejor calidad de vida a su hijo. Gracias a su experiencia y a los 2 préstamos que ha recibido de Fundación Mujer, le han permitido consolidar su negocio, y diversificar los productos que ofrece, este nuevo crédito lo va a invertir nuevamente en mercadería preparándose para la temporada navideña.
Doña Criselda se ha propuesto varias metas a mediano plazo, como concluir sus estudios técnicos y otros cursos que ha recibido, todos con el fin de ser una microempresaria exitosa, y ayudar a su esposo con los gastos familiares. Junto a ella están 6 socias más que van a invertir en actividades comerciales.
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.