Banco Mujer Kábata Group
This is her second loan, and the previous one was a great help as it allowed her to buy supplies like seeds, fertilizer, insecticides and other things to be able to work with more ease, to increase production, and to improve the quality of the product. Like the previous, this loan will be invested in supplies for planting plantains. Her goal is to increase her income by means of her business in order to improve her quality of life and the environment in which she and her family live.
Along with Brileyda, there are 3 other female partners who are going to invest in agricultural and commercial activities.
Al igual que el anterior este crédito se va a invertir en insumos para la siembra del plátano. Su meta es incrementar los ingresos por medio de su actividad para mejorar la calidad de vida, y el entorno en el que vive ella y su familia.
Junto a Brileyda hay 3 socias más que van a invertir en actividades de agricultura y comercio.
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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