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Banco Mujer Las Freasis Group
In this Group: Esperanza, Alejandra, Irene, Sara , María, Antonia
Doña Esperanza is the president of the Banco Mujer Las Freasis group. She has a lot of experience in this role, because she has done it for a number of years. This woman of 55 is married and is the mother of two children, both adults. She and her husband have a little plot of land, which a social welfare institution granted them, where they develop agricultural activities such as farming and raising pigs, which is what Doña Esperanza does. After receiving four loans, she has been able to expand her raising of pigs, and with this loan she wants to make some improvements in the pens where she has the animals. The loans have been a great help for her and have allowed her to help her husband with the family expenses, as well as economically helping her children and grandchildren.

With Doña Esperanza are 5 more members who are going to invest in farming and animal-raising activities.
View original language description ↓
Doña Esperanza es la presidenta de Banco Mujer Las Freasis, tiene mucha experiencia en ese cargo porque lo ejerce hace varios años. Esta señora de 55 años, es casada y madre de 2 hijos, ambos mayores de edad. Ella y su esposo cuentan con una pequeña parcela que les otorgó una institución de bienestar social, donde desarrollan actividades agropecuarias, como agricultura y porcicultura que es lo que hace Doña Esperanza. Luego de 4 créditos ella ha podido aumentar su cría de cerdos, y con este crédito desea hacerle unas mejoras a los corrales donde tiene los animales. Los financiamientos para ella han sido de gran ayuda y es lo que le ha permitido ayudar a su esposo con los gastos familiares, así como apoyar económicamente a sus hijos y nietos.
Con Doña Esperanza hay 5 socias más que van a invertir en actividades agropecuarias.

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
  • $4,441,500
    Funds lent in using Kiva
  • 499.6
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Mujer Las Freasis Group's $4,825 loan helped a member to improve conditions in the pen where the pigs are kept.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 8, 2013
Listed
Feb 19, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014