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Banco Mujer Yireth Group
In this Group: Ana, Cindy, Heilyn, Rosa
Heilyn, barely 20 years old, has a 4-year-old son, is a single mother, and lives with her parents. To pay for the costs her son requires, she began selling as a street vendor. She sells perfumes, makeup and all sorts of cosmetics; she considers herself a good saleswoman with excellent customer service. With the income that her work generates, she takes care of her son's expenses, helps her mother, and pays for her education. It is very important for her to finish her secondary education, since she has many aspirations for the future. Heylin asks for a second loan, and it is to purchase lotions and creams since she has many orders already. The loan is a very important tool because it permits her to have more merchandise ready for her customers and, in turn, increase her sales. Heilyn is convinced that working with care she will achieve what she sets out to do, and will be able to give a better quality of life to her son.

Along with Heilyn are 3 other members of the group who will invest in businesses.
View original language description ↓
Heilyn con apenas 20 años de edad, tiene un hijo de 4 años, es madre soltera y vive con sus padres, para solventar los gastos que demanda su hijo, ella inicio en el comercio de forma ambulante, vende perfumes, maquillaje y todo tipo de cosméticos, se considera una buena vendedora, con excelente atención a sus clientes. Con los ingresos que genera su actividad se hace cargo de los gastos de su niño, ayuda a su madre y paga sus estudios, esto es muy importante para ella, concluir sus estudios de secundaria ya que tiene muchas aspiraciones para el futuro. Heylin solicita su segundo crédito, y es para la compra de lociones y cremas ya que tiene muchos pedidos. El crédito es una herramienta muy importante porque le permite tener más mercadería a disposición de sus clientes, y así aumentar sus ventas. Heilyn está convencida que trabajando con esmero lograra lo que se proponga, y podrá darle una mejor calidad de vida a su hijo.
Junto a Heiyn conforman el grupo 3 socias más que van a invertir en actividades comerciales.

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.

Tags

About Costa Rica

  • $11,100
    Average annual income
  • 7
    View loans »
    Costa Rica Loans Fundraising
  • $3,978,825
    Funds lent in using Kiva
  • 540.9
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Banco Mujer Yireth Group's $1,850 loan helped a member to purchase perfumes, lotions and creams for sale.
30% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 16, 2014
Listed
Aug 16, 2014
Currency Exchange Loss:
Possible