Celia is one of the members of the "Mujer Por Fe" communal bank. She is 62 years old, married and has nine children, all of whom are now adults. Celia lives with her husband, who is 67 years old and works as a farm labourer. In spite of their ages, the couple continues to work very hard in order to get ahead and improve their living conditions. Another member of the family is Celia's father, who is much older and whom Celia looks after so that he can have a dignified old age with a lot of love. Celia also has one sister in her care, as she is disabled. With incomparable strength and vitality, every day Celia looks after her family early in the morning so that she can work as a seamstress the rest of the day. Celia makes bed clothes, curtains, bathroom mats and more. And if this weren't enough, Celia also sells homemade bread, which sells very well in the community. Celia does all this to create savings for her and her husband for when they can no longer work. She also wants to be able to help her children when they need it. This is Celia's third loan and she will use it to buy supplies such as threads, material, elastic, lace and more. Her previous loans helped Celia to have better equipment.
Besides Celia, there are eight other members in this group who will invest in small businesses and farming.
Doña Celia es una de las integrantes de Banco Mujer Por Fe, tiene 62 años de edad, es casada y madre de 9 hijos, todos mayores de edad. Y viven con ella, su esposo que trabaja como peón agrícola en una finca, y tiene 67, años; Ambos a pesar de su edad siguen trabajando muy duro para salir adelante y mejorar su condición de vida. Otro integrante de su núcleo familiar es su padre, un adulto bastante mayor al que cuida y vela por una vejez digna y con mucho amor, también a su cargo está una hermana quien es una adulta con discapacidad. Con una fortaleza y vitalidad incomparable, ella todos los días, se encarga de su familia muy temprano para luego dedicar el resto del día a su labor como costurera, ella hace ropa de cama y cortinas, juegos de baño entre otras cosas, además como si fuera poco, también elabora pan casero el cual se vende muy bien en su comunidad. Todo esto con el fin de crear un fondo de ahorro para ella y su esposo, para el momento que no puedan trabajar, así como ayudar a sus hijos cuando lo necesiten. Este es el tercer crédito y lo va a invertir en la compra de materia prima; como telas, hilos, elásticos, encajes y otros. Los créditos anteriores le permitieron fortalecer su maquinaria.
Junto a Doña Celia integran el grupo 8 socias más que van a invertir en actividades comerciales de pequeña industria y avicultura.
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.