Banco Mujer Yireth Group
Jacqueline is 29 years old, has 2 small children, and is a single mother since the father of her children went away and left them when the second child was born. She currently lives with her parents and her mother helps her with the care of the children so that she can leave to sell. This very determined woman works selling products from a catalog; she sells in her community and others nearby. She sells all sorts of products such as cosmetics, perfumes, clothing, lingerie, and household products. This new investment of working capital will be to purchase more merchandise to take care of the orders that have increased along with her customer base. She works very hard to improve the living conditions, and to be able to have a house for herself and her two children.
Doña Jacqueline tiene 29 años, 2 hijos pequeños, es madre sola ya que el padre de sus hijos se fue y los dejo cuando nació su segundo hijo, actualmente vive con sus padres, su mamá le ayuda con el cuidado de sus hijos para ella poder salir a vender. Está mujer tan luchadora se dedica a la venta de productos por catalogo, vende en su comunidad y otras cercanas, todo tipo de productos como; cosméticos, perfumes, ropa, lencería y artículos para el hogar. Está nueva inversión de capital de trabajo será para la compra de mas mercadería para atender sus pedidos que han aumentado al igual q su clientela. Ella trabaja muy duro para mejorar las condiciones de vida, poder tener una casa para ella y sus 2 hijos.
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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This loan has been fully funded!