Mónica is a young woman just 21 years old. She is the mother of a 2-year old son and has been living with her partner for four years. Mónica and her husband work hard to help their family get ahead. Her husband works on a pineapple farm as a farmhand and receives a very low salary. Mónica raises chickens to help with the household expenses. This is her third loan, and the previous ones have been a great help. They allowed her to start up and strengthen her business. She currently has a considerable number of chickens, and she is going to delve into raising pigs. Her investment plan is to purchase the animals, animal feed, vitamins, concentrated feed and other items.
This very determined woman is looking to improve her quality of life and that of her family. Her dream is to continue her studies and later, to give her son an education.
Eight members, together with Mónica, make up the communal bank "Banco Mujer Creciendo Juntas: (Women Growing Together Bank). Their livelihoods come from agriculture and raising livestock.
Mónica es una mujer muy joven con 21 años de edad, es madre de un niño de 2 años, y tiene 4 años de vivir en unión libre. Tanto ella como su esposo trabajan muy duro para salir adelante como familia. El labora en una finca que cultiva piñas como peón agrícola, y recibe un salario muy bajo, y ella se dedica a la cría de pollos para ayudar con los gastos del hogar. Este es su tercer préstamo y los anteriores han sido de gran ayuda ya que le permitieron iniciar y consolidar su negocio, actualmente tiene una cantidad considerable de pollos, y va a incursionar también en la cría de cerdos, su plan de inversión es la compra de los animales, alimentos, vitaminas, concentrados, y otros.
Esta mujer tan luchadora busca mejorar las condiciones de vida de ella y su familia, y su sueño es continuar estudiando y luego darle el estudio a su hijo.
Junto a Mónica están 8 socias más que conforman Banco Mujer Creciendo Juntas, y las actividades a desarrollar son 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.