Banco Mujer Mujeres Esforzadas Group
Update on Banco Mujer Mujeres Esforzadas GroupBanco Mujer Mujeres Esforzadas
Fray Casiano Puntarenas
Banco Mujer Mujeres Esforzadas presents the loan request of eight members, who work in a community in Puntarenas (Fray Casiano) with high poverty levels. The group of women in the zone keep savings and participate in group activities to generate income. They have done the same work for eight years, they have requested loans, and they know how to work in a group. They have formed a Board of Directors and created the third loan request from Banco Mujer Mujeres Esforzadas. Kattia is currently the president.
Her work and effort have allowed her to consolidate her activity, which is trading in general (selling clothing, shoes, perfumes, etc). The loan will go towards improving her group's working conditions. It will allow them to invest for half a year, increasing their inventory and covering orders for the mid-year vacations and Father's Day.
They collect the payments weekly, which allows them to have a larger payment margin, and they commit to paying off the loan within eight months.
Some of the women are heads of household; such is the case of Kattia, who works selling clothes and shoes in the area. She will bring merchandise to San José and travel to the border with Panama. She is supported by her husband and keeps a long list of clients. She is 35 years old, a hardworking woman, and respected in the community. Apart from working in the afternoons, she also sees her children and attends the group meetings.
The objective is to improve the conditions of their businesses. Getting a loan is appropriate to their needs, contributes to the development of the area, and, of course, improves the quality of life of their families. The name of their group motivates them to be better every day, Mujeres Esforzadas (Hardworking Women).
Fray Casiano Puntarenas
Banco Mujer Mujeres Esforzadas presenta la solicitud de crédito de 8 integrantes, quienes han trabajan en una comunidad de Puntarenas (Fray Casiano) con altos niveles de pobreza. El grupo de mujeres en la zona mantiene un ahorro y participan en las actividades grupales para la generación de ingresos. Tienen 8 años de trabajar en sus actividades, han solicitado préstamos y conocen la modalidad de trabajo grupal. Se forma la Junta Directiva y se levanta el acta No.3 de solicitud de crédito del Banco Mujer Mujeres Esforzadas, en esta oportunidad la presidenta es Kattia.
Su trabajo y esfuerzo, les ha permitido tener su actividad consolidada como es el comercio en general (venta de ropa, zapatos, perfumes y otros). El préstamo va a contribuir a mejorar las condiciones de trabajo de su grupo, les va a permitir invertir para medio año, incrementando su inventario y cubriendo pedidos para la época de vacaciones de medio año y día del padre.
Realizan la recuperación de la cuota en forma semanal lo que les permite tener un margen más amplio del pago a realizar, la cual se comprometen a cancelar en un plazo de 8 meses.
Algunas de ellas son mujeres jefas de hogar, tal es el caso de Kattia, quién se dedica a la venta de ropa y zapatos en la zona, la va a traer a San José y realiza viajes a la frontera con Panamá, es apoyada por su esposo y mantiene una cartera de clientes grande, tiene 35 años y es una mujer trabajadora y de respeto en la comunidad. Además de atender sus actividades económicas por las tardes, también ve a sus hijos y cumplen con las reuniones grupales.
El objetivo es mejorar las condiciones de sus empresas, obteniendo un financiamiento acorde con sus necesidades y apoyar el desarrollo de la zona y por su puesto mejorar la calidad de vida de las familias. El nombre del grupo las motiva a ser mejores cada día, Mujeres Esforzadas.
Previous Loan DetailsThe “Women's Bank of Vigorous [Enterprising] Women” is presenting this request for loans for its 6 members, who work in the community of Fray Casiano in Puntarenas with its high levels of poverty. The women's group maintains savings accounts and participates in group activities inj their zone to ... More from Banco Mujer Mujeres Esforzadas Group's previous loan »
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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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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