Banco Mujer Las Hijas Del Rey Group
She sells clothing, perfumes, makeup and jewelry in the community where she lives. Her daughter, who is in high school, is her biggest support, helping her mother sell items to the teachers and schoolmates. Petrona wants a loan to invest in buying merchandise for her customers for Mother's Day and Christmas. She chose Fundacion Mujer because of the low interest rate and personalized treatment.
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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.
This is a Group Loan
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This loan has been fully funded!