Mercedes, 54, is married and lives with her three children. She's a very hard worker who is recognized in her area since she's been working there all of her life for the benefit of her family; in her area there aren't many jobs and there are few people, so she decided to start her own business breeding pigs, hens and chickens. These animals are properly taken care of and are easily sold in the area. Mercedes learned to take care of the animals by herself as her husband leaves in the early morning and comes back in the evening. She and her children are in charge of caring for the pigpens and chicken coops. She's been doing this kind of work since she was a little girl and has taught her children how to do it because if they want to continue studying, they need to make some money to afford the the 1-hour trip to school. She says that when it's tough to accomplish something, in the end, you enjoy it more. That's why she dreams of seeing her children graduate from university and get less-strenuous jobs than hers. Mercedes is requesting a loan to buy pigs for fattening as it's a good time to start breeding them. She chose Women's Foundation (Fundación Mujer) Communal Bank because the women in this group live in an area that has been forgotten by the country. They've suffered a lack of electricity and potable water; they are in need of wells and potable water to cover their basic needs. It's an area in the country that is called "Paradise" and most of the people are hard-working women. She hopes we can both help her make her dream for her children come true and help her cover the household expenses.
Mercedes tiene 54 años de edad, es casada, actualmente vive con tres de sus hijos, ella es una mujer muy trabajadora y reconocida en la zona ya que toda su vida ha trabajado por y para el beneficio de su familia, ya que en la zona no existen fuentes de empleo y son pocos los habitantes, por lo que ella decide iniciar con la crianza de cerdos, gallinas y pollos. Estos animales llevan su proceso de cuidados correctamente y se venden con facilidad en la zona. Doña Mercedes aprendió todo el cuidado de estos animales sola; ya que su esposo sale desde la madrugada a trabajar y regresa por las tardes. Ella junto con sus hijos se encargan del cuidado y mantenimiento de las porquerizas y gallineros. Desde niña ella desempeña esta labor y la ha transmitido a sus hijos ya que si desean continuar estudiando deben ayudarla para tener el dinero para viajar una hora hasta el centro de estudio. Ella comenta que cuando las cosas cuestan al final se disfrutan mejor, por eso ella sueña con ver a sus hijos graduarse de la universidad y trabajar en algo menos duro que lo que ella realiza. Mercedes solicita este dinero para comprar cerdos de engorde ya que es una buena época para empezar a criarlos. Eligió Fundación Mujer ya que tomo en cuenta atender una zona que para ellas ha sido olvidada por el país. Ya que han sufrido por la falta de luz y agua potable, deben realizar pozos para tener el agua por lo menos para las necesidades básicas. Es una zona de campo que llaman Paraíso ya que la mayoría son mujeres y muy trabajadoras. Espera le podamos apoyar para cumplir su sueño de madre y llevar el sustento al hogar.
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.