Banco Mujer Aracolpa Kañeblocke Añita Group
The leader of the group is 44-year-old Rafaela who has been married for over 25 years and who due to health problems could never have children. Her husband works as a security officer. Rafaela has always worked in the field; it is what she enjoys doing, and today she grows plantains and bananas. Rafaela will invest this new loan in supplies such as seeds, compost, fertilizer, insecticides, plastic bags and cardboard boxes, among others. This is her way of helping her husband with the household expenses as the income he earns is very little. The previous loans allowed Rafaela to begin planting her crops as well as to grow over the years until she obtained a quality product.
Rafaela's goals are to increase the area of her crop and to ensure she has a small fund for her retirement.
La líder del grupo es Doña Rafaela, una mujer de 44 años, casada por más de 25 años, y que problemas de salud no pudo tener hijos, su esposo trabaja como oficial de seguridad. Ella siempre ha trabajado en el campo, es lo que el gusta, siembra plátano y banano. Este nuevo préstamo se va a invertir en la compra de insumos como semillas, abonos, fertilizantes, insecticidas, bolsas pláticas, cajas de cartón y otros. Además ha sido la forma de ayudar a su esposo con los gastos familiares ya que el ingreso que el percibe es muy poco. Los créditos anteriores, le permitieron iniciar con la siembra de estos cultivos, así como ir creciendo con el paso del tiempo, hasta obtener un producto de muy buena calidad.
Sus aspiraciones son aumentar el área de su plantación, y también asegurar un pequeño fondo de dinero para su jubilación.
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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