Banco Mujer Rescatar La Tierra Group
Update on Banco Mujer Rescatar La Tierra GroupMarie is one of the members of the “Banco Mujer Rescatar La Tierra” communal bank and she is the treasurer of the group. She is an indigenous woman from the Talamanca area. She lives in a community at the foot of a mountain called Gavilán Canta.
She is 33 years old and the mother of four children who are all minors. She lives together with them and her partner. She is hard-working, modest and has the desire to grow and get ahead. She has been a member of Fundación Mujer for a number of years and has had 3 loans. She works in agriculture, planting plantains and bananas on her small farm. She does this work with her partner and they are able to satisfy the needs of their household as well as her children's studies. In this area there is no source of jobs. She has two middlemen who buy her product and at times they buy the bananas at a very low price.
The loan will be used to invest in buying seeds, manure, bags and other inputs for seeding. The main challenges she faces are the lack of money to buy raw materials, climatic factors which have ruined her crops and the low prices she is forced to sell her product.
The loan will be of great assistance to her and the other 7 members of the communal bank. They will all invest in farming plantains and bananas and then they will have better quality of living and be able to offer their clients a greater quantity of product.
Es clienta de Fundación Mujer hace varios años y ha tenido 3 préstamos. Se dedica a actividades agropecuarias, y cultiva plátano y banano en una pequeña finca, la cual trabaja junto con su compañero para poder satisfacer las necesidades de su hogar, asi como el estudio de sus pequeños, debido a que en esa zona no hay fuentes de empleo. Cuenta con dos intermediarios para comprar sus productos, y los cuales en ocasiones compran el plátano demasiado bajo. El crédito se va a invertir en la compra de semillas, abonos, bolsas, y otros insumos para la siembra.
Los principales obstáculos que ha tenido que enfrentar es la falta de dinero para comprar materia prima, factores climatológicos que han llegado a destrozarles sus cultivos y el bajo precio al que se ven obligadas a vender el producto.
El préstamo les va ser de gran ayuda a ella y las 7 socias del Banco Mujer, ya que todas van a invertir en la agricultura de plátano y banano, asi van a tener mejores condiciones de vida y ofrecer a sus clientes mayor calidad de sus productos.
Previous Loan DetailsMarie is the treasurer of the 'Banco Mujer Rescatar la Tierra' (Save the Earth Women's Bank). She is an indigenous woman from Talamanca area. Marie is 30 years old and has two dependent children. She lives together with her children and her partner. Marie has been a client of Fundación Mujer… More from Banco Mujer Rescatar La Tierra 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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