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Banco Mujer Perseverancia Group
In this Group: Lorena , Lady, Loida, Grace, Noyli, Rosa
Loida is the secretary of Banco Mujer Perseverancia (Perseverance Women's Bank), a group that is going places and has an excellent repayment record. Along with her, there are 5 other members of the group who are going to invest in commercial activities and light industry.
This lady is a woman who strives hard and works hard. She is 53 years old, married, and the mother of 2 children. Only her youngest son lives with her and he is at university. When she was very young, Loida began working as a dressmaker. Over the years, she has perfected her trade and she makes tailored clothing and curtains, bed clothes, bath sets, and other articles. This is the 6th loan that she has requested, and the earlier ones all enabled her to stock-up on raw materials such as fabrics so that she could always meet her orders and satisfy her customers' demands. She will use this new loan to buy more fabric as she has many orders for different articles. These loans have had a great impact on her and her family as she was able to give her daughter an education and now is doing the same for her son, and seeing him graduate into a profession is her greatest desire. She continues working with the same motivation and with many medium-range plans, including helping her husband with the expenses as they want to make some improvements to their house.
View original language description ↓
Doña Loida es la secretaria de Banco Mujer Perseverancia , un grupo con mucha trayectoria y una excelente conducta de pago, junto a ella están en el grupo 5 socias más que van a invertir en actividades comerciales y de pequeña industria.
Esta señora es una mujer muy luchadora y trabajadora, tiene 53 años, es casada, madre de 2 hijos, únicamente su hijo menor vive con ella y cursa estudios universitarios. Doña Loida desde muy joven se inicio como costurera, con los años se fue perfeccionando, confecciona ropa a la medida y también cortinas, ropa de cama, set de baño y otras prendas. Este es el sexto crédito que solicita, y los anteriores le permitieron siempre surtirse de materia prima, como toda clase de telas, para siempre poder cubrir los pedidos, cumpliendo con la demanda de sus clientes. Esta nueva inversión será para la compra de más telas ya que tiene muchos pedido de diferentes prendas. La ayuda de los créditos para ella y su familia ha sido de gran impacto, ya que pudo darle los estudios a su hija mayor, y continua haciéndolo con su hijo menor, ya que verlo graduado como un profesional es su mayor anhelo. Ella continua trabajando con la misma motivación y con muchos planes a mediano plazo, entre esos está apoyar a su esposo con los gastos ya que quieren hacerles una mejora a su vivienda.

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.

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

  • $11,100
    Average annual income
  • 17
    View loans »
    Costa Rica Loans Fundraising
  • $4,065,825
    Funds lent in using Kiva
  • 540.5
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Banco Mujer Perseverancia Group's $3,900 loan helped a member to buy fabric, thread, lace, and other things.
56% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 25, 2014
Listed
Apr 4, 2014
Currency Exchange Loss:
Possible