Banco Mujer Búlwak Group
Enidia is 31 years old and mother to four children - three are in secondary school and the last is in primary school. Enidia has been with her partner for over fifteen years - he has a small farm where he grows bananas, the only source of income for the family. Because it was the only source of income, Enidia decided to start her own business, selling groceries from their home. Her first loan let her invest to adapting her living space for displaying the products and this second loan with be used to invest in buying merchandise, such as groceries, soft drinks, cleaning products and more, for the shop.
Enidia has many dreams and desires. She wants to support the family financially and help her children with their studies.
Doña Enidia tiene 31 años de edad, y es madre de 4 hijos, 3 estudiantes de secundaria y 1 más en primaria. Vive en unión libre hace mas de 15 años, y su compañero tiene una pequeña finca donde cultiva plátano, esta la única fuente de ingresos económicos al hogar. Es por eso que Enidia decidió iniciar con su pequeño negocio de venta de abarrotes en su casa, el primer préstamo le permitió invertir acondicionar mejor donde tiene y exhibe los productos, y este segundo préstamo desea invertir en más mercadería, como abarrotes, refrescos, productos de limpieza y otros para su pulpería.
Sus aspiraciones son muchas, y los deseos de apoyar la economía familiar, así como ayudar con los estudios de sus hijos.
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.
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