Kimberly is one of the members of the Banco Mujer Buscando El Triunfo. She is 27 years old. She lives with her husband. She has been married a short time and at the moment does not want to have children as she wants to finish her studies, to have her own business in the center of their community, and to have economic stability in order to be able to offer children a better quality of life.
Her last two loans have been a big help, permitting her to grow her business, to continue her studies, and to contribute to the household expenses, since her husband has a very low salary.
Her two companions in the group are going to invest in business activities.
Kimberly es una de las integrantes de Banco Mujer Buscando El Triunfo, tiene 27 años, y vive con su esposo, tiene poco tiempo de casada y por el momento no quiere tener hijos, ya que quiere terminar sus estudios, tener un negocio propio en el centro de su comunidad, y llegar a tener estabilidad económica para así poder darles a sus hijos una mejor calidad de vida.
Los 2 créditos anteriores han sido de gran ayuda, le han permitido hacer crecer su negocio, continuar con sus estudios, y contribuir a los gastos del hogar, ya que su esposo tiene un salario muy bajo.
Sus 2 compañeras de grupo 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.