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Banco Mujer Jehová Proveerá Group
In this Group: Nurian, Maria, Yaneth , Uvencia, Teodosia, Sandra
Doña Nurian is president of the communal bank "Banco Mujer Jehová Proveerá" (Jehovah Will Provide Women's Bank). She is a 38-year old indigenous woman who is married and has four children. Three of her children are dependent and two of them go to school, primary and secondary school respectively. Doña Nurian and her family have a small plot of land on which her husband plants bananas and she raises chickens and pigs. This is how the two of them cover the family's expenses. Their income is very small, but they have been able to get ahead thanks to the loans from Fundación Mujer. This is doña Nurian's fifth loan request, and she is going to invest this new loan in the purchase of chickens, condensed meal and vitamins as well as materials for improving the condition of the chicken coops. Doña Nurian is a very hard-working woman. Her objectives are to make repairs to her house, which is in bad shape, and also to continue supporting her children in their educations. There are five more members of the communal bank doña Nurian belongs to. They will also invest in agricultural and livestock-related businesses.
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Doña Nurian es la presidenta de Banco Mujer Jehová Proveerá esta mujer indígena de 38 años, es casada y tiene 4 hijos, 3 de ellos menores de edad y 2 estudian en primaria y secundaria. Ella y su familia cuentan con un pequeño terreno donde su esposo siembra plátano y ella se dedica a la cría de pollos y cerdos, está es la manera en que ambos cubren los gastos de la familia. Los ingresos son muy pocos, pero ellos han logrado salir adelante gracias a los préstamos de Fundación Mujer, está es su quinta solicitud de crédito y el nuevo préstamo lo va a invertir en la compra de pollos, concentrado, vitaminas, así como materiales para mejorar las condiciones de los gallineros. Doña Nurian es una mujer muy trabajadora y sus objetivos, son reparar su casa que está en muy malo estado, y también seguir ayudando con los estudios de sus hijos. Junto a ella están 5 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.

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About Costa Rica

  • $11,100
    Average annual income
  • 44
    View loans »
    Costa Rica Loans Fundraising
  • $4,191,025
    Funds lent in using Kiva
  • 498.5
    Costa Rica Colones (CRC) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A portion of Banco Mujer Jehová Proveerá Group's $5,425 loan helped a member to purchase chickens, condensed meal, animal feed, vitamins and material to make improvements to the chicken coops.
93% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 25, 2013
Listed
Nov 25, 2013
Currency Exchange Loss:
Possible