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Banco Mujer Santa Marta Group
In this Group: María, Edelmira, Giselle, Sabelic, Yanis, Karla
Sabelic is 41 years old, married and has two children. She lives with her husband and her children, who are in high school. Her husband is self-employed as a farmer. She is a very caring, humble and hard working client and she has a strong desire and drive to succeed together with her family. For six years, she has been dedicated to her work because she saw that there was a need for extra household income. Her primary means of generating this extra income is through a small business in which she makes bread and other pastries. During the morning hours she prepares the goods and then sells them in the afternoon: sometimes with the help of her kids when they don’t have school. Her business does well because even though she lives in a rural community, it is rather well populated.

In addition to her regular door-to-door sales, she also prepares cakes and pastries for special occasions like weddings, baptisms, birthdays and more. With the money she earns from her business she assists her family by paying for school supplies for her children and sometimes for medical expenses when they are sick. The funds that she has received from Fundacion Mujer have enabled her to improve the equipment that she uses to bake her products. She hopes to use her next loan to further strengthen her business and to continue improving quality of life for her and her family.

Sabelic, together with her five partners, plans to invest in new equipment and supplies for her bakeshop, as well as new catalogue merchandise, taking advantage of some of their great new offers, which will allow her to make these products available to her clients quicker and at a better price.

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.


About Costa Rica

  • $12,900
    Average annual income
  • 9
    View loans »
    Costa Rica Loans Fundraising
  • $4,502,650
    Funds lent in using Kiva
  • 558.2
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Banco Mujer Santa Marta Group's $5,375 loan helped a member to invest in new equipment and supplies for her bakeshop, as well as new catalogue merchandise.
87% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Apr 2, 2014
Apr 1, 2014
Currency Exchange Loss: