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Banco Mujer Las Laboriosas Group
In this Group: Gloria, Patricia, Celidey, Piedades, Rocio, Marta, Mayra, Yolanda

Update on Banco Mujer Las Laboriosas Group

This 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.
View original language description ↓
Este es el tercer crédito de Doña Gloria y su grupo, está señora tan emprendedora tiene la motivación y la capacidad de identificar las necesidades de su comunidad y organizar los recursos con los que cuenta, transformándolo en una actividad económica que le genera ingresos. Su principal actividad es la siembra de hortalizas, y es una producción completamente orgánica, lo que le da a su producto una mejor calidad. Esto lo ha logrado gracias a los 2 préstamos que ha recibido con Fundación Mujer. El crédito al igual que los anteriores lo va a invertir en la compra de semillas, plantas de otros tipos para reproducirlas, bolsas, recipientes para preparar el abono orgánico, arena especial, un tipo de plástico muy grande especial para cubrir su cosecha y otros insumos para sus cultivos, que vende en su misma comunidad y también a intermediarios que los distribuyen en otras zonas. Su grupo sigue muy sólido junto a ella lo integran 7 socias más que van a invertir en actividades agropecuarias.

Previous Loan Details

Gloria 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 »

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.

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.

Tags

About Costa Rica

  • $12,900
    Average annual income
  • 43
    View loans »
    Costa Rica Loans Fundraising
  • $4,436,225
    Funds lent in using Kiva
  • 504.0
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Mujer Las Laboriosas Group's $5,575 loan helped a member to buy seeds, plants of other kinds, bags, containers and special sand.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Sep 26, 2013
Listed
Aug 30, 2013
Currency Exchange Loss:
Possible
Ended:
May 22, 2015