Banco Mujer Emprendedoras Group
Update on Banco Mujer Emprendedoras GroupBanco Mujer Emprendedoras
Fray Casiano, Puntarenas
The Mujer Emprendedoras [Entrepreneurial Women] communal bank presents their second loan request. The bank is comprised of ten women who have worked together as an organized group in Fray Casiano for eight years. This is an area of Puntarenas with a high level of poverty. These women have demonstrated a good grasp of the concepts of group work (solidarity, savings, and coordinating activities to generate income) and have clear work rules. They have requested loans and know the discipline of group work.
They have a board of directors, and the documents were prepared to request this loan, to have three new colleagues join, and to have two members from the previous loan to the Mujer Emprendedoras leave the communal bank.
Their hard work and effort has allowed each of them to be better street merchants; this fact was evidenced during a visit with each one of the members.
Yesenia, a group member, will invest this loan in the purchase of sandals, clothing, beauty products, and general merchandise. She will be increasing her inventory and covering orders for the vacation season and the Puntarenas Carnavales, which start in the month of February. This is a great sales opportunity.
These women also sell food and raffle tickets, which allow them to increase their savings and support their families by covering household costs and their children's education. The majority are single mothers, the heads of their households, and their economic contributions are very important for their quality of life and that of their sons and daughters.
Yesenia is a very tenacious woman, and thanks to the group's internal organization she manages to pay back the loan weekly. This allows the group to have more leeway in getting the money for the payment.
She is the president, and the members consider her to be a good leader. They hope to get this loan in order to continue growing each day.
They are hard-working women. Through their organization they have been able to succeed and improve their families' incomes, support their children's studies, and help their life partners by contributing to the household finances.
Fray Casiano, Puntarenas
Banco Mujer Emprendedoras presenta la solicitud de crédito, por segunda oportunidad, está conformado por 10 mujeres, quienes han trabajado desde hace 8 años como grupo organizado en Fray Casiano, zona de alta pobreza en Puntarenas. Han demostrando buen manejo de los conceptos de trabajo grupal (solidaridad, ahorro y además de coordinar actividades generando fondos), tiene reglas claras de trabajo. Ellas han solicitado préstamos y conocen la modalidad de trabajo grupal. Se forma la Junta Directiva y se levanta el acta No.2 para la solicitud de este préstamo y la integración de 3 nuevas compañeras y la salida de 2 del crédito anterior del Banco Mujer Emprendedoras.
Su trabajo y esfuerzo les ha permitido tener la actividad de comercio ambulante mejor consolidada, situación que se corrobora en la visita realizada a cada una de las solicitantes.
Yesenia, integrante del grupo, invertirán su crédito en la compra de sandalias, ropa, artículos de belleza y mercadería en general, incrementando su inventario y cubriendo pedidos para la época de vacaciones y los carnavales de Puntarenas que estan por iniciar en el mes de Febrero, siendo una gran oportunidad para las ventas. Además, realizan ventas de comida y rifas que les permiten incrementar su ahorro y apoyar a sus familia en los gastos del hogar y estudio de los hijos, ya que la de las integrantes son madres solteras y jefas de hogar y su aporte económico es muy importante para la calidad de vida de ellas y la de sus hijos e hijas.
Yesenia es una mujer muy luchadora y gracias a la organización interna del grupo logra realizar la recuperación de la cuota en forma semanal, lo que les permite tener un margen más amplio para la obtención del dinero para el pago. Ella es la presidenta, la consideran una buena líder y esperan contar con esté préstamo para seguir creciendo cada día.
Son mujeres luchadoras, que por medio de la organización han logrado superarse y mejorar los ingresos de sus familias, apoyando el estudio a sus hijos y a sus parejas contribuyendo en la economía familiar.
Previous Loan DetailsBanco Mujer Emprendedoras Fray Casiano, Puntarenas 2012-179 The Mujer Emprendedoras ["Entrepreneurial Women"] Bank presents the loan request of nine members who have worked together as an organized group in Fray Casiano for 8 years. This is an area of Puntarenas with a high level of poverty. The... More from Banco Mujer Emprendedoras Group's previous loan »
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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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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