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Banco Mujer Creciendo Unidas Group
In this Group: Alba Rosa , Lucrecia , Lizeth , María Isabel , Flor María
Alba is the president of the communal bank "Mujer Creciendo Unidas" ["Women Growing Together"]. She is 54 years old and married. She has raised pigs for more than 20 years. She has a pigpen with three pigs and two pregnant sows. Thanks to her history and her years of experience, she has been able to install a biodigester in her home, which generates gas for cooking. Thus, she avoids polluting the environment with the waste from her pigs, and she uses it appropriately. She would like this loan in order to invest in buying more pigs, since it is a good time to raise these animals. She would like to continue with her work, since it allows her to contribute economically to her household and continue living with dignity. She says she chose Fundación Mujer because of its simple paperwork and low interest rate.
View original language description ↓
Doña Alba es la presidenta de Banco Mujer Creciendo Unidas, tiene 54 años de edad, es casada. Es porcicultora desde hace más de 20 años, cuenta con una porqueriza con tres cerdos y dos cerdas preñadas. Por su trayectoria y años de experiencia ella ha logrado ubicar en su casa un Biodigestor , el que le genera gas para cocinar. Así evita contaminar el ambiente con los desechos de los cerdos y los utiliza correctamente. Ella desea este crédito para invertir en la compra de más cerdos ya que es una buena época para criar estos animales. Desea continuar con su actividad ya que esto le permite aportar económicamente al hogar y continuar viviendo dignamente. Eligió Fundación Mujer por la facilidad de los trámites y baja tasa de interés.

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.

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About Costa Rica

  • $12,900
    Average annual income
  • 23
    View loans »
    Costa Rica Loans Fundraising
  • $4,356,875
    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 Creciendo Unidas Group's $3,725 loan helped a member to buy more pigs.
62% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 28, 2014
Listed
Apr 4, 2014
Currency Exchange Loss:
Possible