Check out some available loans that are similar to this one!
Banco Mujer En Busca Del Exito Group
In this Group: Yaide , Maria, Julia, Maria , Edith, Ana, Magdalena, Lorena
Jaide is the president of the "Mujer en Busca del Éxito" communal bank. She is 45 years old, married and has a 19-year-old daughter who is studying nursing. Jaide is very hard-working and an experienced businesswoman. She works as a street vendor in her community and in the surrounding areas. She sells women's clothing, underwear, sandals, cosmetics, perfumes, and other products. This is her fifth loan; the previous loans have been of great help to her, helping to cover household costs and, above all, helping to pay for her daughter's studies. Jaide's biggest desires are to see her daughter graduate to become a nurse and that, in the future, she will look after her parents' well-being in their old age. Jaide likes to think about the future. Another of her aspirations is to help her husband with his short-term plan to do repair work in the house, which is currently in a very bad state.

Alongside Jaide, there are seven other member of the "Mujer en Busca de Éxito" group who will invest in their various businesses offering different products and services, and in the farming sector.
View original language description ↓
Doña Jaide es la presidenta de Banco Mujer En Busca Del Éxito, tiene 45 años, es casada y tiene una hija de 19 años que estudia enfermería. Doña Jaide es una mujer muy trabajadora, y comerciante con mucha experiencia, vende de forma ambulante por su comunidad y otras aledañas, ropa de mujer, ropa interior, sandalias, cosméticos, perfumes y otros productos. Este es el quinto préstamos que recibe, y los anteriores han sido de gran ayuda para contribuir con los gastos de su familia pero principalmente ayudar a pagar los estudios de su hija, su mayor deseo es ver a su hija graduarse de enfermera, y que en un futuro sea ella quien esté pendiente del bienestar de sus padres, y los cuide en su vejez, porque Doña Jaide le gusta pensar en el futuro, y otra de sus aspiraciones es ayudar a su esposo en un plan que tiene a corto plazo de reparar su casa, ya que está en muy mal estado. Junto a Doña Jaide hay 7 socias más que van a invertir en actividades de comercio, servicios y 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
  • 0
    View loans »
    Costa Rica Loans Fundraising
  • $4,022,575
    Funds lent in using Kiva
  • 498.1
    Costa Rica Colones (CRC) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A portion of Banco Mujer En Busca Del Exito Group's $5,625 loan helped a member to buy women's clothing, underwear, sandals, make-up, perfume, and other products.
80% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2013
Listed
Nov 28, 2013
Currency Exchange Loss:
Possible