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Banco Mujer Por Un Mejor Mañana Group
In this Group: Vilma Estrella , Alicia , Adriana Estela, Maritza
Estrella is the president of the communal bank "Por un Mejor Mañana," in Banco Mujer. She is 48 years old, and she lives with her husband and their minor children, who attend elementary school. She is a pig farmer who also cultivates vegetables for her family's consumption and to sell to neighbors. She's been doing this work for 15 years, because this is a traditional activity that has been passed down through the years in this area. Estrella has a farm where she has her pigs and her vegetable crops. Her brother helps her as a farmhand; he is in charge of maintaining the farm. With this loan, Estrella wants to buy more animals, seeds to plant, and herbicides to care for her crops. This will enable her to support her household financially, because in this area there are no other sources of income. Estrella chose Fundacion Mujer because of the good service and low interest rates they offer.
View original language description ↓
Estrella es la presidenta de Banco Mujer Por un Mejor Mañana, tiene 48 años de edad, vive con su esposo y sus niños que son menores de edad y están en primaria. Ella es porcicultora y también siembra todo tipo de hortalizas para su consumo y para venderle a sus vecinos. Se dedica a esta actividad desde hace 15 años ya que es una actividad que por tradición y ubicación de la zona se transmite con el pasar de los años, cuenta con una finca donde tiene estos cerdos y sembradas las hortalizas, su hermano le ayuda como peón, encargado del mantenimiento de esta finca. Desea este crédito para invertir en la compra de más animales, semillas para sembrar y herbicidas para el correcto cuidado. Esto le va a permitir apoyar económicamente a su hogar ya que en la zona no existen otras fuentes de ingreso. Eligió Fundación Mujer por la buena atención 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
  • $4,370,725
    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 Por Un Mejor Mañana Group's $2,975 loan helped a member to buy pigs and seeds to plant.
62% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 28, 2014
Listed
Apr 4, 2014
Currency Exchange Loss:
Possible