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Banco Mujer Nuevo Amanecer Group
In this Group: Jennifer , Leidy , Yorleny , Ana Yency , Marciarelis
Jennifer, who is just 20 years old, is a hardworking and dedicated young, single lady with no children. She just finished her high school studies, and she and her family work in the field as ranchers and farmers. The loan is to buy Jennifer calves for fattening and development to then sell at a livestock auction. Jennifer requested her first loan, and this is what allowed her to help with her studies. Now, she plans on attending college, and this is a productive activity that will allow her to pay for college. Her parents will help a little more with transportation and other expenses to attend classes. Those are the future plans of this young entrepreneur who is eager to overcome.

There are also 4 other members of this group, who will also invest in agricultural activities.
View original language description ↓
Jennifer con apenas 20 años, es una joven muy trabajadora y dedicada, es soltera no tiene hijos y acaba de terminar sus estudios de secundaria, tanto ella como su familia trabajan en el campo, son ganaderos y agricultores. El plan de inversión de Jennifer es comprar terneros para el desarrollo y engorde, luego venderlos a una subasta ganadera. Ella desde que cumplió su mayoría de edad solicito su primer crédito y es lo que le ha permitido ayudarse con los estudios, ahora piensa asistir a la universidad, y es su actividad productiva la que le permitirá pagarse los estudios; Sus padres le ayudarán un poco más para transporte y otros gastos para asistir a clases. Esos son los planes a futuro de esta joven emprendedora que tiene muchos deseos de superarse. Junto a ella están en el grupo 4 socias más que también 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.

About Fundacion Mujer:

Fundación Mujer is an organization specializing in the financial and personal development of female entrepreneurs in Costa Rica. They seek to reach underserved populations that may include indigenous communities, immigrants, refugees, victims of domestic violence or women living with HIV/AIDS. Fundación Mujer offers courses in both business and personal development, as well as training in concrete skills such as sewing and other crafts.

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

  • $12,900
    Average annual income
  • 36
    View loans »
    Costa Rica Loans Fundraising
  • $4,441,500
    Funds lent in using Kiva
  • 502.1
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Mujer Nuevo Amanecer Group's $5,000 loan helped a member en la compra de terneros, y sus alimentos y las vitaminas necesarias para el desarrollo.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 30, 2014
Listed
Feb 3, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2015