Banco Mujer Camino Al Sol Group
Her activity is making toasted banana chips. She has the utensils needed to make it and her investment plan is to buy building supplies to improve the toaster and increase production.
She’s had three previous loans and they made it possible for her to buy what she currently owns. Xinia has many plans for the future like helping with her youngest daughter’s schooling, expanding the business and increasing production. She also wants to have her fellow group members become members of the toaster generating additional income that way for all seven of her companions who also carry out commercial activities.
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
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Success!! The loan was 100% repaid