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Banco Mujer Kaneblapa Group
In this Group: Marla, Eulalia, Xicinia, Rosario , Shirley, Albany, Virginia

Update on Banco Mujer Kaneblapa Group

Marla continues as group president. Her work as leader of the “Banco Mujer” group has been very good and both she and the other members of the group have been very responsible and punctual. This is the second loan they’ve requested.

Marla’s work continues to be raising pigs and she’s increased production at present generating more income to cover family expenses and her children’s schooling costs since she’s a single mother.

The investment will be in pigs, feed and concentrate like in the last loan except that it will be larger to meet demand that’s been increasing.

The six other members will continue like Marla investing in animal husbandry activities.
View original language description ↓
Doña Marla sigue siendo la presidenta del grupo, su trabajo como líder del Banco Mujer ha sido muy bueno, y tanto ella como las demás socias del grupo han sido muy responsable y puntuales Este es el segundo crédito que solicitan. La actividad de Doña Marla sigue siendo la porcicultura y actualmente ella ha aumentado su producción, generando más ingresos para cubrir los gastos de su familia y el estudio de sus hijos, ya que es una madre soltera. La ayuda del financiamiento ha sido mucha, beneficiando las condiciones de vida de ella y su familia. La inversión será de cerdos, alimentos y concentrados, al igual que el préstamo anterior solo que en mayor cantidad para atender la demanda de pedidos que va en aumento. Continúan con Doña Marla las 6 socias que van a invertir en actividades agropecuarias.

Previous Loan Details

Doña Marla is the president of a new communal bank in the Bambú area of Talamanca. She is 36 years old, single and has six children, two of whom are grown and 4 who are school-aged. She is very hard-working and giving to her children. She wants to get ahead, support her household and dreams of... More from Banco Mujer Kaneblapa Group's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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

  • $11,100
    Average annual income
  • 14
    View loans »
    Costa Rica Loans Fundraising
  • $4,065,825
    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 Kaneblapa Group's $3,500 loan helped a member to purchase pigs, animal feed and other items.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 7, 2013
Listed
May 23, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014