Banco Mujer Las Laboriosas Group
Update on Banco Mujer Las Laboriosas GroupThis is the third loan for Gloria and her group. Her group remains very close. There are seven other members who also will invest their portion of the loan in agriculture and fishing.
Gloria is an enterprising woman who has the motivation and the capacity to identify the needs of her community. And organize the resources for those who need them and make them into an economic activity that makes money. Her main activity is growing vegetables, totally organic, which produces a superior quality product. She has achieved this thanks to two previous loans that she got through Fundación Mujer.
This loan, as with the past loans, will be used to buy seeds, other types of plants to reproduce, bags, containers to prepare the organic fertilizer, special sand, a special type of large sized plastic to cover the plants and other supplies for her crops. Gloria will sell them in her community and also to middlemen who will sell them in other areas.
Previous Loan DetailsGloria the president of the Las Laboriosas Women's Group has known how to organize the group with leadership and a positive influence on the other members. this 56 year old woman keep working with dedication in her garden where she grows all types of vegetables. This is her second loan and as wit... More from Banco Mujer Las Laboriosas Group's previous loan »
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
Loan tags help lenders find loans that match certain areas of interest. You can add up to 5 tags for this loan.
About Costa Rica
12View loans »
This loan has been fully funded!