Banco Mujer Bulwak Group
Update on Banco Mujer Bulwak GroupKathia is a 33 year old woman who is single and the mother of 4 children. She lives with her children and her mother. She is one of the members of the Banco Mujer Bulwak. She has belonged to this group for several yeas and they have received several loans from the Fundación Mujer. She is a single mother and head of household. This woman is very hardworking and works in farming and livestock. She raises pigs, chickens, and sells eggs. She also has a farm called Dila, where she grows organic cacao. She also works as a secretary in an indigenous women's association. She does all of this to be able to get her family ahead and meet their needs, as well as educate her children.
The loans have been a very important tool for her business. It has been what has allowed her to grow her micro-enterprise. She is going to invest in buying raw materials and a biodigester to help with the cooking gas and contribute to the environment.
With Kathia, there are 7 more members who are going to invest in farming and livestock activities, such as raising chickens and pigs, growing plantains, and one will invest in a cottage industry. They show a lot of interest and gratitude towards the Fundación. With it, they see an opportunity to grow their businesses with the loans and thus improve their and their families' quality of life.
Los créditos han sido una herramienta muy importante para su negocio, y es lo que le ha permitido hacer crecer su microempresa. El crédito lo va invertir en comprar materia prima y hacer un biodigestor, para ayudarse con el gas para cocinar y asi contribuir al medio ambiente.
Junto a Doña Kathia hay 7 socias más que van a invertir en actividades agropecuarias como lo son cria de cerdos, pollos, agricultura de plátano y una en pequeña industria. Ellas muestran mucho interes y agradecimiento con la Fundación, ya que ven una oportunidad de crecer en sus negocios con los financiamientos otorgados y asi poder mejorar la calidad de vida de ella y las de sus familias.
Previous Loan DetailsKathia’s a member of the “Bulwak” communal bank; she’s been a member of this group for many years. They have received five Fundación Mujer loans. She’s a single mother, head of household. She has two children, a 14-year-old and a 4-year-old. This so hardworking woman raises chicks and sells… More from Banco Mujer Bulwak 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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This loan has been fully funded!