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Banco Mujer Las Hijas Del Rey Group
In this Group: Petrona Nicolasa, Susanna Edipsia , Belkis Elizabeth, Petrona Del Carmen, Mireya Lisseth, Marìa Suyapa
Petrona, 55, lives with her husband and is the mother of three adolescents who are in school thanks to the effort that she makes to keep them there. She wasn't able to complete her studies because her family needed her to work, at which point she decided to come to live in Costa Rica to find a job. Here she formed her family; her children are citizens and she has permanent residency. She has become an extremely hardworking woman since her children's father abandoned them and she has had to take care of them. She also was able to form a life with a new partner.

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.
View original language description ↓
Doña Petrona es una mujer de 55 años de edad, vive con su pareja, es madre de tres adolescentes estudiantes gracias al esfuerzo que realiza doña Petrona para que no abandonen los estudios ya que ella no logro completar sus estudios debido a la necesidad de trabajar para llevar el sustento a su familia, en ese momento decide venirse a vivir a Costa Rica para trabajar. Aquí forma a su familia, sus hijos están nacionalizados y ella cuenta con residencia permanente, se ha convertido en una mujer sumamente luchadora ya que el papá de sus hijos los abandonó y ella ha logrado sacarlos adelante, además de realizar su vida con otra pareja. Se dedica a la venta de ropa, perfumes, maquillaje y joyería; que distribuye en la comunidad donde vive, su hija que está en el colegio es la que aporta más ayuda, ya que ella ofrece los artículos que su mamá vende a las profesoras y compañeras. Doña Petrona desea este crédito para invertir en compra de mercadería para esta época del día de la madre y regalos navideños que desde ya apartan su clientela. Eligió Fundación Mujer por la baja tasa de interés y trato personalizado.

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.

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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About Costa Rica

  • $11,100
    Average annual income
  • 12
    View loans »
    Costa Rica Loans Fundraising
  • $4,059,650
    Funds lent in using Kiva
  • 538.3
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Mujer Las Hijas Del Rey Group's $1,675 loan helped a member to buy merchandise including clothing, cosmetics, perfumes and jewelry.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 29, 2014
Listed
Jul 27, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 26, 2015