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Banco Mujer La Rosa Group
In this Group: Primitiva, Lucia
Lucia is one of the members of Banco Mujer La Rosa. She is 51 years old, single, head of household, and lives with her daughter and two granddaughters. She works with livestock, including raising pigs, which is her main activity, raising chickens, and raising cattle. This productive work is what allows her to do well for her family and to cover all her personal and family expenses.

She is requesting her fifth credit with us, and the new investment will be for buying livestock such as pigs, as well as their food, concentrated feed, vitamins and other supplies. The previous loans have been a lot of help to her, as they allowed her to consolidate her small business, and to achieve a stable income which allows her to do well for her family. Lucia's goal for the near future is to be able to remodel her pens, where she raises the pigs, improving the quality of her products with the goal of increasing her production and sales.
View original language description ↓
Lucia es una de las integrantes de Banco Mujer La Rosa, tiene 51 años, es soltera, Jefa de hogar y vive con su hija y 2 nietas. Se dedica a las actividades agropecuarias como cría y desarrollo de cerdos, que es su actividad principal, así como al desarrollo de pollos y ganado. Está actividad productiva es la que le permite sacar adelante a su familia y cubrir con todos los gastos personales y familiares. Ella nos solicita su quinto crédito y la nueva inversión será para la compra de activo semoviente como cerdos, además de sus alimentos, concentrados, vitaminas y otros insumos. Los créditos anteriores fueron de mucha ayuda para ella ya que le permitieron consolidar su microempresa, y lograr un ingreso estable que le permitiera sacar adelante a su familia. La meta que tiene Doña Lucia para un futuro próximo es poder remodelar sus corrales, donde cría a los cerdos, mejorando así la calidad de sus productos, con el fin de incrementar su producción y venta.

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.

About Costa Rica

  • $11,100
    Average annual income
  • 15
    View loans »
    Costa Rica Loans Fundraising
  • $4,065,825
    Funds lent in using Kiva
  • 551.9
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Banco Mujer La Rosa Group's $1,650 loan helped a member to buy pigs, food, concentrated feed, vitamins and other supplies.
52% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 28, 2014
Listed
May 1, 2014
Currency Exchange Loss:
Possible