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Banco Mujer Nuevo Amanecer Group
In this Group: Gloribeth, Reina , Brenda , Maria, Maricela
Doña Gloribeth is the leader of the group Banco Mujer Nuevo Amanecer, a group with a lot of history and excellent payment behavior. It is made up of five members who will invest in agricultural activities. She is a very hardworking and independent woman. She is 54 years old, married, and has 3 children, all older and already with their own families, and just as her and her husband, they work in agricultural activities. The whole family is dedicated to the raising and development of livestock, in addition to the cultivation of fruits and vegetables. This new investment will be working capital for the purchase of animals, their food and supplies for planting and crop care. Past loans have allowed her to capitalize and now result in animals that represent her inventory. Doña Gloribeth has accomplished many things thanks to the loans of Fundación Mujer, among these accomplishments are contributing to her family expenses, helping her grandchildren with their studies, as well as motivating other women in her community to work together as a group and efficiently administer financial resources.
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Doña Gloribeth es la lideresa del grupo, Banco Mujer Nuevo Amanecer, un grupo con mucha trayectoria y excelente moral de pago, está compuesto por 5 socias que van a invertir en actividades agropecuarias. Ella es una mujer muy trabajadora, e independiente, tiene 54 años, es casada y tiene 3 hijos, todo mayores de edad y con sus familias ya formadas, y que al igual que ella y su esposo trabajan en actividades agropecuarias. Toda la familia se dedica a la cría y desarrollo de ganado, además del cultivo de frutas y hortalizas. Esta nueva inversión de capital de trabajo será para la compra de animales, sus alimentos e insumos para la siembra y cuido de cultivos. Los créditos anteriores le permitieron capitalizar y ahora cuenta con animales que representan su inventario. Doña Gloribeth ha logrado muchas cosas gracias a los préstamos de Fundación Mujer entre esos logros están contribuir con los gastos familiares, ayudar a sus nietos con los estudios, además de motivar a otras mujeres en su comunidad para que trabajen en grupo, y administren bien los recursos financiados.

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
  • 39
    View loans »
    Costa Rica Loans Fundraising
  • $4,168,700
    Funds lent in using Kiva
  • 500.5
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Banco Mujer Nuevo Amanecer Group's $5,000 loan helped a member to purchase calves, food and vitamins, and inputs for planting vegetables.
62% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Jan 30, 2014
Listed
Jan 24, 2014
Currency Exchange Loss:
Possible