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Banco Mujer La Rosa Group
In this Group: Irma, Graciela
Irma is a member of the La Rosa Ladies’ Bank. She is 43 years old, married, and has two children; the oldest is middle school aged and the youngest has not yet started elementary school. This hardworking woman is a seamstress in her community and makes clothing to measure, bath sets, curtains, and bed clothing.

This will be her sixth loan and the previous ones allowed her to buy her sewing machine. She has many aspirations, including improving the conditions in her home, which is in poor state. She also wants to continue helping her husband with the household expenses. One of Irma’s fellow members, who wants to invest in business activities, is shown with her.
View original language description ↓
Doña Irma es integrante de Banco Mujer La Rosa, tiene 43 años, es casada y tiene 2 hijos, uno de de ellos en secundaria y el menor aún no entra a primaria. Esta señora tan trabajadora, es la costurera de su comunidad, confecciona ropa a la medida y también set de baño, cortinas y ropa de cama. Este es el sexto crédito que solicita y los anteriores le permitieron comprar la maquinaria con la que hoy cuenta. Ella tiene muchas aspiraciones entre esas están mejorar las condiciones de su casa que está en mal estado y seguir ayudando a su esposo con los gastos del hogar. Con Irma está una compañera más que va a invertir en actividades comerciales.

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.

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About Costa Rica

  • $11,100
    Average annual income
  • 7
    View loans »
    Costa Rica Loans Fundraising
  • $3,978,825
    Funds lent in using Kiva
  • 501.9
    Costa Rica Colones (CRC) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A portion of Banco Mujer La Rosa Group's $1,800 loan helped a member to buy supplies.
74% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 20, 2013
Listed
Nov 19, 2013
Currency Exchange Loss:
Possible