Banco Mujer Mujeres De Excelencia Group
Mariana is an example of striving and positive thinking and is devoted to the parcel of land where she carries out the raising and fattening of the milk cattle and the fattening of the pigs. In addition, she has some vegetables planted in the 4 hectares of land that she has.
She is going to use this loan to purchase calves and a pig, this being the fifth loan request that she is making. The earlier ones were a great help to her, as she managed to convert her property into a very productive farm, which is now the only source of income to cover all the expenses for her and her daughter.
Mariana wishes to continue working on her farm and making it more productive so that she can have economic stability. She also wants her daughter to continue going to school. She has many dreams, but at the moment, those are her priorities.
Along with Mariana, the group is made up of four other members, who are going to invest in agricultural activities.
Junto a Mariana integran el grupo 4 socias más que van a invertir en actividades agropecuarias.
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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This loan has been fully funded!