Check out some available loans that are similar to this one!
Banco Mujer Las Hormiguitas Group
In this Group: María, Rocio , Yudi , Yamileth, Blanca , Keylin, Maria Neri
Maria is the president of Banco Mujer Las Hormiguitas (Women’s Bank of Tiny Ants). She’s 44 years old, married, and has two sons. One son is in high school, and the other is grown. She works in the agricultural sector. She has her own land where she raises and cares for chickens, pigs, and calves. She also grows some vegetables. This is her 4th loan. These loans have allowed her to start and consolidate her small business, help out with family expenses, and pay for her son’s studies. Her dream is to continue working, increase production, and have a better quality of life. Along with Maria there are 6 more group members who will invest in their agricultural businesses.
View original language description ↓
Doña María es la presidenta de Banco Mujer Las Hormiguitas, tiene 44 años, es casada, y tiene 2 hijos, uno de ellos es estudiante de secundaria, el otro ya es mayor de edad. Ella se dedica a las labores agropecuarias, cuentan con un terreno propio para desarrollarlas, cría y engorda; pollos, cerdos, terneros, además de cultivar algunas hortalizas. Este es su cuarta solicitud de crédito, y son los financiamientos los que le han permitido iniciar y consolidar su microempresa, y así poder ayudar con los gastos familiares y el pago de los estudios de su hijo.
Su meta es seguir trabajando, aumentar su producción, y tener una mejor calidad de vida. Junto a María integran el grupo 6 socias más que van a invertir en actividades agropecuarias.

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.

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

  • $11,100
    Average annual income
  • 38
    View loans »
    Costa Rica Loans Fundraising
  • $4,168,700
    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 Hormiguitas Group's $5,575 loan helped a member to buy chickens, feed, feed concentrate, and vitamins as wells as pigs and calves.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Sep 16, 2013
Listed
Aug 31, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 19, 2015