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Banco Mujer Kanéblapa Group
In this Group: Shirley, Albani, Virginia
Albani is 48 years old, single and a mother to secondary school-aged children. Albani is a member of a women's communal bank and her group is looking to do better in life and to expand their businesses. Albani has had her business for many years. She has always been a single mother and has had to work to look after her family as she receives no support from the father of her children. Albani has fought alone to help her children to get ahead and to be able to study. She has had two loans from "Fundación Mujer" and is known for being responsible and paying back her loans. As with her previous loans, Albani will invest this loan in perfumes and jewellery. Her previous loans have been good for Albani, as she offers her customers good service and easy payment options.

Alongside Albani, two others will use this loan: one will invest in a business raising pigs; the other in a clothes-making business. All of the group's members are looking to increase their incomes in order to improve their own and the families' living conditions.
View original language description ↓
Dona ALbani es una mujer con 48 años de edad, soltera y madre de dos hijos, los cuales cursan la secundaria. Ella es una integrante del banco mujer que busca la superación personal y el crecimiento de su negocio. Se dedica a su actividad hace muchos años, debido a que siempre ha sido madre soltera y ha tenido que velar por la manutención de su familia, porque no cuenta con el apoyo económico del padre de sus hijos. Ha luchado sola para sacar adelante a sus hijos y que ellos puedan estudiar. Ha obtenido dos créditos en la Fundación y se han caracterizado por su excelente comportamiento de pago y responsabilidad. Al igual que en los créditos anteriores ella va invertir en comprar perfumería y joyería, le ha ido muy bien gracias al buen trato y facilidad de pago que le brinda a sus clientes. Junto con Albani, hay dos socias más que van a invertir en la porcicultura y la confección de prendas de vestir. Todas buscan obtener mayores ingresos para mejorar las condiciones de vida de ellas y las de sus familias.

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.

Tags

About Costa Rica

  • $12,900
    Average annual income
  • 24
    View loans »
    Costa Rica Loans Fundraising
  • $4,367,000
    Funds lent in using Kiva
  • 542.0
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Banco Mujer Kanéblapa Group's $1,950 loan helped a member to buy merchandise: perfumes and jewellery.
59% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 16, 2014
Listed
Aug 17, 2014
Currency Exchange Loss:
Possible