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Banco Mujer Fuentes De Vida Group
In this Group: Lucia, Maria Isabel, Ana Talia, Raquel
Doña Lucia is a 68 year old woman, married, and now only lives with her husband. Her age is not an impediment from work. She is a retailer. She has a small grocery store where she sells groceries, soda, and candy. With the help of her husband they both work in the her small micro-business. The income generated from this work is the only income they count on for cover all the family expenses. This is the second credit that she is requesting and previously it had allowed her to condition the corridor of her house to begin the sale of some products. This time they are going to invest in more merchandise to stock the grocery store, offering better services and variety of products.
Along with Doña Lucia are 3 other women in the group who will invest in commercial activities and poultry farming.
View original language description ↓
Doña Lucia es una señora de 68 años, casada y actualmente vive sola con su esposo. Su edad no es impedimento para trabajar, ella es comerciante tiene una pequeña pulpería donde vende abarrotes, refrescos y golosinas, cuenta con la ayuda de su esposo y ambos trabajan en su pequeña microempresa. Los ingresos generados de esta actividad son el único ingreso con el que cuentan para cubrir todos los gastos familiares. Este es el segundo crédito que solicita y al anterior le permitió acondicionar el corredor de su casa para iniciar la venta de algunos productos. Para esta ocasión van a invertir en más mercadería para surtir la pulpería, ofrecer un mejor servicios y variedad de productos.
Junto a Doña Lucia están 3 señoras más en el grupo que van a invertir en actividades comerciales y de avicultura.

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
  • 25
    View loans »
    Costa Rica Loans Fundraising
  • $4,365,100
    Funds lent in using Kiva
  • 502.1
    Costa Rica Colones (CRC) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Banco Mujer Fuentes De Vida Group's $2,000 loan helped a member to purchase groceries, soda, and candy.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2013
Listed
May 23, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014