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Banco Mujer Por Fe Group
In this Group: Johanna, Alba, Celia
Johanna Cortes, a member of the Women's Bank "Por Fe" with a great business vision and the will to succeed, is 30 years old and married and the mother of a 14 year old teenager who is in high school. Her husband works as a security guard and she works as a domestic part-time. The other part of her time, she does other commercial activities, like selling shoes and sandals for women and children. This two-part day of work is the way that Johanna helps her family and gives her child the ability to go to school. This is her third loan, and she plans to invest in merchandise for the Christmas season.

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.
View original language description ↓
Johanna Cortes una socia de Banco Mujer Por Fe, con mucha visión empresarial y ganas de superarse, tiene 30 años de edad, es casada, y madre de una adolescente de 14 años, estudiante de secundaria. Su esposo trabaja como oficial de seguridad y ella trabaja como empleada domestica medio tiempo, y el otro medio tiempo se dedica a actividades comerciales como venta de zapatos y sandalias para mujer y niña. Esta doble jornada de trabajo de Doña Johanna es la manera de ayudar a su familia, y darle los estudios a su única hija. Este es su tercer crédito y va invertir en mercadería para la temporada navideña.
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.

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
  • 38
    View loans »
    Costa Rica Loans Fundraising
  • $4,438,125
    Funds lent in using Kiva
  • 499.6
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Mujer Por Fe Group's $1,825 loan helped a member to buy shoes and sandals for women and young girls.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 13, 2012
Listed
Nov 17, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013