Check out some available loans that are similar to this one!
Banco Mujer Mujeres Vencedoras Group
In this Group: Julia Gerarda , Marcela, Leonor, Diana Carolina
Marcela, 54, sells food to all the drivers and neighbors in the area since hers is one of the most well-known local food stalls and among the few that are close to the border with Panama; so it is a busy place and attracts many customers.

She currently needs a new stove because the one she has does not work well and it is her basic tool. She wants to continue working with the Women's Foundation since she has been able to progress in her business and buy more equipment over the years. Her goal is to continue with her business so she can support her children in their education
View original language description ↓
Doña Marcela tiene 54 años de edad, se dedica a vender comida a todos los chóferes y vecinos de la zona ya que es una de las sodas más conocidas del lugar y de las pocas que están muy cerca de la Frontera con Panamá por lo que muchas personas transitan por ahí, lo que le permite tener amplia clientela. Actualmente requiere de una cocina ya que la actual no esta funcionando correctamente y es urgente que la cambie por que es una de sus herramientas principales. Desea continuar trabajando con Fundación Mujer ya que ha logrado gran avance en su actividad y aumentar su mobiliario en estos años. Desea continuar con su soda ya que es lo que le permite apoyar a sus hijos en los estudios.

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
  • 23
    View loans »
    Costa Rica Loans Fundraising
  • $4,365,100
    Funds lent in using Kiva
  • 529.5
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Banco Mujer Mujeres Vencedoras Group's $2,650 loan helped a member to buy equipment for her food stall.
74% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 24, 2014
Listed
Apr 1, 2014
Currency Exchange Loss:
Possible