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The Women's Bank Of Entrepreneurs Of Chilamate (2) Group
In this Group: Iris , Daniela , Guisselle , Deilyn
“The Women's Bank of Entrepreneurs of Chilamate (2)” is a group of women from Poas, Chilamate, located close to the active Poas volcano in Costa Rica. The members of this group of 4 women are engaged in different productive activities including: curtain and clothes sewing, catalogue sales, nail painting, hydroponic agriculture, and hot food sales. The members of this group have formed a strong bond with one another. It is apparent that these women regard community, solidarity and hard work as values central to their beliefs. Their special bond has developed because the members of the group have been neighbours all their lives, and thus know each other on a very deep and personal level. These four women were inspired to apply for a loan with Fundacion Mujer as a result of the positive experience that their colleagues in the community had had throughout the duration of their first loan. This will be this group’s first loan with Fundacion Mujer.

Iris A. L. is a 50-year-old mother of five who has a business sewing curtains, bedsheets and drapes; she also sells catalogue items from door to door in her community. Her highest level of formal education attained is the completion of primary school. She will use this loan to purchase household and beauty products to sell. Her goal is to use this loan to seek out new clients; Iris wants her business to grow so she can bring prosperity and support to her family.

Deilyn U. B. is a 26-year-old mother of two. Deilyn has a business selling hand-made clothes such as women's underwear and pyjamas. She also uses hydroponic technology to produce cabbage and lettuce for personal consumption and for sale. She started her clothes sewing and selling business with an initial investment of 10,000 colons. Deilyn will use this loan to equally develop both of her projects. Every day, she sews from 2 until 5 in the afternoon; for this she will need to purchase thread, needles, and maintain her two sewing machines. Otherwise, Deilyn will be using her loan to invest in the nutritional elements necessary to the production of healthy lettuce and cabbage. Since the lettuce is especially sensitive, she would like to invest in a protective material that limits the amount of sunlight to the lettuce leaves. Deilyn says that she hopes by joining this group, she will be surrounded by companions who work in cooperation.

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.

About Costa Rica

  • $12,900
    Average annual income
  • 0
    View loans »
    Costa Rica Loans Fundraising
  • $4,783,625
    Funds lent in using Kiva
  • 557.3
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A portion of The Women's Bank Of Entrepreneurs Of Chilamate (2) Group's $725 loan helped a member household and beauty products to sell door to door.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jan 29, 2010
Jan 29, 2010
Currency Exchange Loss:
Aug 16, 2010