Fundraising Status:active
Risk Rating:
What to know about this Lending Partner
Impact Category:
General Financial Inclusion
Default Rate:
0%
Currency Exchange Loss Rate:
0%
Total Loans Raised:
$104,325
Loans at Risk Rate:
3.17%
Kiva Borrowers:
158
Delinquency Rate:
0.46%
Interests and Fees:
N/A
Partner Description:
Asociación Costa Rica Grameen is a nonprofit microfinance organization (NGO), which has been in the market for 19 years, serving more than 27,000 female clients nationwide. The institution was founded in 2006 with the purpose of supporting women in vulnerable situations and promote their economic and social development.
A unique lending approach:
Asociación Costa Rica Grameen leverages Kiva financing to expand access to credit for women entrepreneurs across Costa Rica. The organization employs a solidarity group lending methodology, ensuring strong community support and repayment accountability, with all of its borrowers being women. Asociación Costa Rica Grameen is also recognized for its fully digital credit process.