Judith belongs to the communal bank Mujer Jehová Proveerá. She is 27 years old, has been in a common-law marriage for eight years, and has a three-year-old child. Her partner works as a police officer earning a very low salary and she works raising pigs and chickens. She also has a part time job in the kitchen of the local school so that she can help her family cover their household expenses.
She will invest this loan in purchasing animals and feed for them. This is the second loan she receives and they have been of great help to her because they have allowed her to start her microbusiness.
Along with Judith, there are four more members who will invest in their farming and livestock businesses.
Judith es una de las integrantes de banco Mujer Jehová Proveerá, tiene 27 años de edad, vive en unión libre hace 8 años, y tiene un hijo de 3 años. Su compañero trabaja como policía, con un salario muy bajo y ella se dedica a la cría de cerdos y pollos, además trabaja medio tiempo en la cocina del colegio de la comunidad, para ayudar a su familia y poder solventar los gastos del hogar. El crédito lo va invertir en la compra de animales y sus alimentos, este es el segundo crédito que recibe y han sido de gran ayuda porque le permitieron formar su microempresa. Junto a Judith están 4 socias más q van a invertir en actividades agropecuarias.
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.