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Banco Mujer La Confianza Group
In this Group: Gema , Gloria , Marìa De Los Àngeles , Maryan Celeste, Fatima, Marìa Del Rosario, Violeta
Violeta, 58 years old, is a notably hardworking Nicaraguan woman.

Over 20 years ago, her only option in life was to live in a different country to generate household income and raise her family. She tells us that as a child she watched her father make shoes, so she decided to learn the craft and start her own shoe store with the help of her children and her husband.

She already counts with the shoe store: one of the few within the area where she lives that is well stocked with all types of shoes that her clients may request.

For the last two years, she has been supplying shoes to different stores in the larger metropolitan area. As such, she is requesting a loan to invest in purchasing the raw materials needed to continue crafting together different shoes.

This helps her generate revenue for the home so she can provide for the welfare of her children and grandchildren.

Violeta is a woman of great entrepreneurial nature and is very grateful for the assistance provided by Fundación Mujer, since the area where she lives is considered marginalized and is not frequently visited.

She appreciates the loans offered at low interest rates.
View original language description ↓
Doña Violeta tiene 58 años de edad, es una mujer Nicaragüense sumamente trabajadora, hace más de 20 años la única opción en su vida en un país diferente para generar ingresos al hogar y poder salir adelante con su familia. Ella me comenta que desde niña observaba a su padre confeccionar zapatos por lo que decidió aprender y montar su propia zapatería con ayuda de sus hijos y esposo. Ya cuenta con una zapatería, una de las pocas de la zona donde ella vive; que se encuentra bien equipada con cualquier tipo de calzado que le soliciten sus vecinos. Hace dos años distribuye los zapatos a las diferentes tiendas, por lo que ella solicita el crédito con el fin de invertir en compra de materia prima para continuar confeccionando los diferentes calzados. Esto le ayuda a ella para generar ingresos al hogar, continuar colaborando con el bienestar de sus hijos y nietos. Doña Violeta es una mujer de gran carácter empresarial, muy agradecida con la atención que le brinda Fundación Mujer ya que la zona donde ella vive se considera como marginal, no es muy frecuentada, agradece la atención brindada y baja tasa de interés.

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.

About Fundacion Mujer:

Fundación Mujer is an organization specializing in the financial and personal development of female entrepreneurs in Costa Rica. They seek to reach underserved populations that may include indigenous communities, immigrants, refugees, victims of domestic violence or women living with HIV/AIDS. Fundación Mujer offers courses in both business and personal development, as well as training in concrete skills such as sewing and other crafts.

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.

Tags

About Costa Rica

  • $12,900
    Average annual income
  • 36
    View loans »
    Costa Rica Loans Fundraising
  • $4,441,500
    Funds lent in using Kiva
  • 540.1
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Mujer La Confianza Group's $1,950 loan helped a member purchase raw materials for making shoes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 29, 2014
Listed
Aug 7, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 19, 2015