Banco Mujer Emprendedoras Group
Update on Banco Mujer Emprendedoras GroupBanco Mujer Emprendedoras
Fray Casiano, Puntarenas
The communal bank Mujer Emprendedoras [Entrepreneurial Women] presents its third loan request. This group consists of 9 women who have worked for 8 years as an organised group in Fray Casiano, an area of great poverty in Puntarenas, in the central Pacific region of Costa Rica. They have shown a good understanding of the concepts of group work: solidarity, saving, as well as coordinating activities to generate funds. They have clear rules on the work. The women have asked for loans and understand the working of the group model. They have a board of directors and the documents were prepared to request this third loan, to have one new companion join who had participated in the first loan with Fundación Mujer, as well as have one woman leave who took part in the former loan with the communal bank Mujer Emprendedoras. Their hard work and effort has allowed each of them to be better street merchants; this fact was evidenced during a visit with each one of the members.
Yesenia is a member of the group and she will invest her loan in buying sandals, clothes, beauty products and general merchandise, thus increasing her inventory and meeting orders placed during Christmas and New Year, which is a great opportunity for sales. In addition, these women sell food and raffles, which allows them to increase their saving and support their family with the household costs and with their children's education, since the majority of the members are single mothers and heads of their household, and their economic support is very important to their own quality of life as well as to that of their sons and daughters.
Yesenia is a tenacious woman and, thanks to the internal organisation of the group, she manages the weekly repayments which allows them more leeway to obtain money for repaying the loan. She is the president of the group and they consider her a good leader and hope to get this loan in order to continue growing daily. They are hard-working women who have managed to succeed and improve their families' incomes by means of this group. They support their children's studies and support their partners with the family costs. They have managed to make their presence felt in the area where they live and are known for their weekend activities, when they sell food in the community. This gives work to others (mainly family members) through the preparation of these dishes which are typical of the coastal area of Costa Rica. They include vigorón (boiled yuca or cassava mixed with crunchy pork rinds and covered with a spicy cabbage coleslaw). traditional pig soup, shellfish and tamales, which is a sort of steam-cooked corn dough and often served at Christmas.
Fray Casiano, Puntarenas
Banco Mujer Emprendedoras presenta la solicitud de crédito, por tercera oportunidad, está conformado por 9 mujeres, quienes han trabajado desde hace 8 años como grupo organizado en Fray Casiano, zona de alta pobreza en Puntarenas, Región del Pacífico Central de Costa Rica. Han demostrando buen manejo de los conceptos de trabajo grupal (solidaridad, ahorro; además de coordinan actividades generando fondos), tiene reglas claras de trabajo. Ellas han solicitado préstamos y conocen la modalidad de trabajo grupal. Se forma la Junta Directiva y se levanta el acta No.3 para la solicitud de este préstamo y la integración de 1 compañera que había participado en el primer préstamo con Fundación Mujer también se da la salida de 1 integrante del crédito anterior del Banco Mujer Emprendedoras.
Su trabajo y esfuerzo les ha permitido tener la actividad de comercio ambulante mejor consolidada, situación que se corrobora en la visita realizada a cada una de las solicitantes.
Yesenia, integrante del grupo, invertirán su crédito en la compra de sandalias, ropa, artículos de belleza y mercadería en general, incrementando su inventario y cubriendo pedidos para la época de navidad y fin de año, siendo una gran oportunidad para las ventas. Además, realizan ventas de comida y rifas que les permiten incrementar su ahorro y apoyar a sus familia en los gastos del hogar y estudio de los hijos, ya que la mayoría de las integrantes son madres solteras y jefas de hogar y su aporte económico es muy importante para la calidad de vida de ellas y la de sus hijos e hijas.
Yesenia es una mujer muy luchadora y gracias a la organización interna del grupo logra realizar la recuperación de la cuota en forma semanal, lo que les permite tener un margen más amplio para la obtención del dinero para el pago. Ella es la presidenta, la consideran una buena líder y esperan contar con esté préstamo para seguir creciendo cada día.
Son mujeres luchadoras, que por medio de la organización han logrado superarse y mejorar los ingresos de sus familias, apoyando el estudio a sus hijos y a sus parejas contribuyendo en la economía familiar, ellas han logrado hacerse sentir en la zona donde residen, son conocidas por sus actividades de fin de semana, donde vende comidas en la comunidad dando trabajo a otras personas (familiares principalmente)para la elaboración de estos platillos, típicos de la zona costera costarricense, como vigoron, frito, ceviche y los tamales comida típica costarricense de la navidad.
Previous Loan DetailsBanco Mujer Emprendedoras Fray Casiano, Puntarenas 2013-006 The Mujer Emprendedoras [Entrepreneurial Women] communal bank presents their second loan request. The bank is comprised of ten women who have worked together as an organized group in Fray Casiano for eight years. This is an area of… More from Banco Mujer Emprendedoras Group's previous loan »
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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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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