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Banco Mujer Mujeres Esforzadas Group
In this Group: Herminia , Elibania , Kattia , Evelyn , Diana , Kenyi , Grettel , Maribel
Banco Mujer Mujeres Esforzadas is requesting a loan for eight members who work in the community of Puntarenas (Fray Casiano), which has high levels of poverty. The group of women in that area maintain savings and participate in group activities to earn income. They have been doing this work for eight years, they have requested loans before, and they know about group work. They formed an executive board and are requesting a second loan for Banco Mujer Mujeres Esforzadas. The president of the board rotates; currently it is Herminia, and Katia just left the post.

Their work and effort has allowed them to have their consolidated work, which is the sale of clothing, shoes, perfumes, and other items. The loan will contribute to improving the working conditions of the group. It will allow them to invest for mid-year, increase their inventory, and cover orders for mid-year vacations and Father's Day.

They collect money for their repayment weekly, which allows them to have a larger payment margin.

Some of these women are the heads of their household. This is the case of Herminia, who works selling food in the area. She also sells clothing which she brings to San José and makes trips to the Panama border. She is supported by her husband and she maintains a large customer base. She is 52 years old and is a hardworking woman who is respected in her community. In addition to taking care of her work in the afternoon, she also sees her children and attends group meetings.

Their objectives are to improve the conditions of their businesses, obtain a loan that meets their needs and supports development in their area, and improve their families' quality of life. The name of the group, Strong Women, motivates them to be better every day.
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Banco Mujer Mujeres Esforzadas
Fray Casiano Puntarenas
2013-56


Banco Mujer Mujeres Esforzadas presenta la solicitud de crédito de 8 integrantes, quienes han trabajan en una comunidad de Puntarenas (Fray Casiano) con altos niveles de pobreza. El grupo de mujeres en la zona mantiene un ahorro y participan en las actividades grupales para la generación de ingresos. Tienen 8 años de trabajar en sus actividades, han solicitado préstamos y conocen la modalidad de trabajo grupal. Se forma la Junta Directiva y se levanta el acta No.2 de solicitud de crédito del Banco Mujer Mujeres Esforzadas, en esta oportunidad cambia la presidenta, ahora es la señora Herminia, deja el puesto Katia.

Su trabajo y esfuerzo, les ha permitido tener su actividad consolidada como es el comercio en general (venta de ropa, zapatos, perfumes y otros). El préstamo va a contribuir a mejorar las condiciones de trabajo de su grupo, les va a permitir invertir para medio año, incrementando su inventario y cubriendo pedidos para la época de vacaciones de medio año y día del padre.

Realizan la recuperación de la cuota en forma semanal lo que les permite tener un margen más amplio del pago a realizar.

Algunas de ellas son mujeres jefas de hogar, tal es el caso de Herminia, quién se dedica a la venta de comidas en la zona, además de ropa que va a traer a San José y realiza viajes a la frontera con Panamá, es apoyada por su esposo y mantiene una cartera de clientes grande, tiene 52 años y es una mujer trabajado y de respeto en la comunidad. Además de atender sus actividades económicas por las tardes, también ve a sus hijos y cumplen con las reuniones grupales.

El objetivo es mejorar las condiciones de sus empresas, obteniendo un financiamiento acorde con sus necesidades y apoyar el desarrollo de la zona y por su puesto mejorar la calidad de vida de las familias. El nombre del grupo las motiva a ser mejores cada día, Mujeres Esforzadas.


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
  • 24
    View loans »
    Costa Rica Loans Fundraising
  • $4,367,000
    Funds lent in using Kiva
  • 500.2
    Costa Rica Colones (CRC) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Banco Mujer Mujeres Esforzadas Group's $5,000 loan helped a member to purchase merchandise such as clothing, sandals, and beauty products.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 22, 2013
Listed
May 6, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014