Check out some available loans that are similar to this one!
Banco Mujer Unidas En Acción Group
In this Group: Yerlania , Jenara Angela, María Cecilia
Angela is 63 years old and lives with her husband who is also older. Although she is older, nobody can stop Angela from continuing to work and generate income for her house. She relies on a pension, but it is not sufficient to meet her needs, so she decided to begin raising chickens. She, with the help of her husband, are dedicated to taking care of the chickens very early every day because they have to feed the chickens and clean their coop. This credit will allow Angela to buy more chickens to raise until they are of a desired size to sell to neighbors. She chose Fundacion Mujer because of the low interest rate. Angela desires to continue with this activity and capitalize until one day she does not need more loans and she can turn the chicken coop into a poultry farm.
View original language description ↓
Doña Angela 63 años de edad, vive con su esposo que también es un señor adulto mayor. Apesar de su edad a doña Angela nadie le impide continuar trabajando para generar ingresos económicos al hogar ya que actualmente dependen de una pensión que no es suficiente para cubrir sus necesidades, por lo que decidió iniciar con la crianza de pollos de engorde. Ella con ayuda de su esposo se dedica a cuidar a los pollos desde muy temprano todos los días ya que deben alimentarlos y limpiar el gallinero donde los tienen. Este crédito le va a permitir comprar más pollos para iniciar el cuido hasta lograr un tamaño deseado y venderlo a los vecinos. Eligió Fundación Mujer por la baja tasa de interés. Doña Angela desea continuar con esta actividad y llegar a capitalizar hasta que llegue el día que no necesite más créditos y su gallinero se convierta en una granja avícola.

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

  • $11,100
    Average annual income
  • 54
    View loans »
    Costa Rica Loans Fundraising
  • $4,311,750
    Funds lent in using Kiva
  • 502.1
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Mujer Unidas En Acción Group's $900 loan helped a member to buy chicks.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 20, 2013
Listed
Sep 11, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014