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Banco Mujer Buscando El Triunfo Group
In this Group: Xinia , Marlen, Sixta, Yosseling, Helia, Elieth, Selfida
Doña Xinia, 29, is a member of the Mujer Buscando El Triunfo community bank. She and her partner have 4 young children, 3 of whom are in school. Her partner makes a small income working construction, but it's not enough to support the family. Doña Xinia has a small plot of land where she grows platanos. She prepares the land herself, plants and tends her crop, and harvests what she grows. This is her first loan application and she will use the money to buy seeds, organic manure, fertilizer, insecticides, plastic bags and cardboard boxes. The business is her means of helping her family and she wants to make a success of it. The other 6 members of the community bank pictured with Doña Xinia will invest in their own small businesses.
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Doña Xinia es integrante de Banco Mujer Buscando El Triunfo, tiene 29 años, es madre de 4 hijos, todos menores de edad, y 3 de ellos cursan la primaria, vive en unión libre con el padre de sus hijos, quien trabaja como ayudante de construcción devengando un salario mínimo. Doña Xinia cuenta con un pequeño terreno donde desarrolla la siembra de plátano, y es ella misma quien prepara la tierra, cultiva y cuida de su cosecha. Este es el primer crédito que solicita y lo va a invertir en la compra de semillas, abonos, fertilizantes, insecticidas, bolsas plásticas y cajas de cartón. Ella tiene muchos deseos de mejorar sus condiciones de vida y aumentar su patrimonio, mejorando la producción de sus cultivos. Junto a Doña Xinia integran el grupo 6 socias más que van a invertir en actividades comerciales 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.

About Costa Rica

  • $11,100
    Average annual income
  • 10
    View loans »
    Costa Rica Loans Fundraising
  • $4,059,650
    Funds lent in using Kiva
  • 497.8
    Costa Rica Colones (CRC) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Banco Mujer Buscando El Triunfo Group's $2,125 loan helped a member to buy supplies for her farming business.
99% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 25, 2013
Listed
Dec 6, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014