Banco Mujer Por Fe Group
This loan will be a big help to her business and represents an opportunity to increase her sales as well as her customer base. Her greatest hope is to improve her family's financial situation and their quality of life. Together with Johanna are Alba and Celia, her companions in this loan operation, who are going to invest in business activities and small-scale industry.
El crédito va ser de gran ayuda para su negocio y representa una oportunidad de incrementar sus ventas, así como aumentar su cartera de clientes.
Su mayor deseo es mejorar la situación económica de su familia y a la vez su calidad de vida.
Junto a Johanna están; Alba y Celia, sus compañeras de operación de crédito que va a invertir en actividades comerciales y de pequeña industria.
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.
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Success!! The loan was 100% repaid