Viviana is a 27-year-old woman; she is married and the mother of two children. She lives in a rural community, but on the main road. She is very hardworking and dedicated to her family. Her husband works as a chauffeur and earns minimum wage. Because of that, her main business is pastry-making and going out into her community to sell without neglecting her family. Her plan is to buy raw materials like flour, fruit, and other things to make her pastries and also chickens and pigs to raise and later sell in order to help out with the family expenses, as one of her children is in primary school and she provides for his school expenses from her income. She has several businesses so that when her pastry-making business is slow she always has income to help her family and be able to meet her third financial obligation with the Foundation. She has the help of one son and her husband, who care for the animals during their free time. Her goal is to better herself, grow, and improve living conditions for herself and for her family.
Viviana, Rosa, Doris, Marcia, Emilce, and Marjorie are the six members who make up Banco Mujer and they are going to invest in different businesses, such as pastry making and pig and chicken raising.
Viviana es una mujer con 27 años de edad, casada y madre de dos niños. Vive en una comunidad rural pero sobre la carretera principal. Es muy trabajadora y dedicada a su familia. Su esposo trabaja como chofer recibiendo un salario mínimo. Debido a ésto ella tiene la actividad principal de hacer repostería y salir a vender a su comunidad sin descuidar a su familia. Su plan de inversión es comprar materia prima como harinas, frutas y más para hacer su repostería y también pollos y cerdos para criar y luego vender, con el fin de ayudar en su hogar a los gastos familiares, ya que uno de sus hijos está cursando la primaria y ella de los ingresos de su negocio le da para los gastos escolares. Cuenta con varias actividades para que en las temporadas bajas de la repostería, siempre tenga ingresos para ayudar a su familia y poder hacer frente al financiamiento otorgado por tercera vez por la Fundación. Cuenta con el apoyo de un hijo y esposo para el cuido de los animales en los tiempos libres. Su meta es superarse, crecer y mejorar las condiciones de vida de ella y la de su familia.
Viviana, Rosa, Doris, Marcia, Emilce y Marjorie son las 6 socias que conforman el banco mujer y van a invertir an diferentes actividades tales como hacer repostería, criar pollos y cerdos.
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.