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Banco Mujer Las Hijas Del Rey Group
In this Group: Vania Vanessa , Josefa Amparo , Adela Isabel, Sandra Karina , Carmelina De Lourdes
Josefa is a 62-year-old Nicaraguan woman; she is a single mother to four girls and a boy who she raised well, enabling them to develop into the professionals that they are to this day. She has achieved this as a result of her productive commercial business and catalog sales. She has been doing this work for nearly 20 years and it has allowed her to support her family.

Currently, she cares for two grandchildren because her daughter is very sick and unable to work to support them. This has pushed her to continue the work with which she is experienced. It is important to point out that, after so many years, she is very close to fulfilling her dream: to have a house so she will stop getting wet and to have a floor that her current house does not have.

She is requesting this loan in order to generate more income from the sale of the goods that she distributes. The sales are greater at this time because of Mother's Day and Christmas gifts. She chose Fundacion Mujer for the simple paperwork and low interest rate.
View original language description ↓
Doña Josefa es una mujer de 62 años de edad, nicaragüense; es madre soltera de cuatro mujeres y un hombre, los cuales logro darle la crianza adecuada para que se desarrollaran como profesionales que son hasta el día de hoy. Esto lo ha logrado gracias a su actividad productiva de comerciante y venta por catálogo, tiene casi 20 años de realizar esta actividad y es lo que le permite llevar el sustento a su familia, actualmente cuida a dos nietos ya que su hija está muy enferma y no puede trabajar para mantenerlos, esto la impulsa a continuar con las ventas en lo cual tiene bastante experiencia. Es importante señalar que ella después de tantos años está muy cerca de cumplir su sueño, el tener una casa para ya no mojarse y poder tener un piso que la casa actual no tiene. Por lo que ella solicita este crédito con el fin de generar más ingresos con la venta de los artículos que ella distribuye, más en esta época que aumenta la compra de los consumidores para el día de la madre y apartados navideños. Eligió Fundación Mujer por la facilidad en los trámites 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.

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About Costa Rica

  • $11,100
    Average annual income
  • 49
    View loans »
    Costa Rica Loans Fundraising
  • $4,298,650
    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 $1,400 loan helped a member to invest in new merchandise.
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