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Solidaria Mujer Prosperidad Group
In this Group: Marìa Elena , Leonilia , Sandra Marìa , Blanca Azucena
María Elena is 45 years old, a Nicaraguan woman, mother of three children who are students. She has a photocopy and internet store which is the only one in her area. It is very well visited the whole day. Her 23 year old son assists at the store and helps her by offering a very efficient quality service. She is requesting this loan to invest in maintaining the machines and buying materials to sell at the photocopy store. With this business she has been able to pay for her children's studies, consolidate her business, which has lately grown, and support her mother who is an older woman and still lives in Nicaragua. This is one of the reasons that motivates her to continue growing her business. She chose Fundacion Mujer because of the easiness with the paperwork and the help they offer before, during and after the loan.
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María Elena tiene 45 años de edad, mujer Nicaragüense madre de tres hijos los cuales son estudiantes. Ella tiene un centro de fotocopiado e internet, se puede valorar como el único en la zona, muy visitado durante todo el día, para atender el local esta su hijo de 23 años de edad que le colabora para brindar un servicio eficiente y de calidad, ella requiere de este dinero para invertir en el mantenimientos de las máquinas y compra de materiales para vender en el centro de fotocopiado. Con este negocio ha logrado pagar el estudio de sus hijos, consolidar su negocio que últimamente logro crecimiento y apoyar a su madre que es una mujer adulta mayor la cual habita en Nicaragua aún, esto es uno de los motivos que le motivan a impulsar su negocio. Eligió Fundación Mujer por la facilidad en los trámites y acompañamiento antes, durante y después del crédito.

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
  • 23
    View loans »
    Costa Rica Loans Fundraising
  • $4,356,875
    Funds lent in using Kiva
  • 540.6
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A portion of Solidaria Mujer Prosperidad Group's $1,125 loan helped a member to buy catalog products and items for the photocopier.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 29, 2014
Listed
Aug 5, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 26, 2015