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The Women's Bank "god Is With Us" Group
In this Group: Eva, Grace, Sugey, Norma, Shirley, Maria Anicia, Ada, Digna, Jenny, Mariela, Marla, Marleni , Mariela
The Women’s Bank “God Is With Us” is a group of 13 women who live in Shiroles, Limon, located in the Caribbean region of Costa Rica. The loan consultant who has been working with these women describes them as a hard-working group with a common goal of improving the standards of living in their individual homes as well as their community at large. All these women are motivated to contribute in a meaningful way to the family income. The group is formed of family members and friends who know one another on a deep and personal level, having lived the majority of their lives in the same, tight-knit community. In this particular community, the density of communal banks is high. This is due to the reputation Fundacion Mujer has garnered with community members over the years, and the subsequent promotion of our lending model through word of mouth.

The women of this group are engaged in various agricultural activities, on which they rely as a source of income to support their families. This loan will be used for general investments in agriculture, which will improve crop yields or support the rearing of animals. Many of the group members, including Shirley, Ada R. and Digna, produce bananas and plantains. As a result, this loan will be used to invest in the purchase of seeds, nutrients, vitamins, and hired labor in order to perform physically strenuous tasks, such as harvesting and the transport of produce. The bananas and plantains produced by these women are either consumed or sold to members of the community as well as exporters who travel to Shiroles in order to purchase in bulk. With respect to the rearing of animals, some of the group members are in the pig rearing business. For these members, the loan will be used to invest in animal feed in order to ensure a quality pork product to customers in the community.

Grace R. H. is the treasurer of this group. She lives with her husband and son in Shiroles. Grace will use this loan to purchase nutrients to feed her pigs. A busy entrepreneur; Grace organizes her day in the following manner. She wakes up early in order to get a head start on household chores (preparing her son for school, cleaning the house, preparing breakfast etc). When those chores are finished, she feeds the pigs and after that, she goes to work. Grace's goal is to increase the production of pork. She wants to increase her income from pork sales in order to achieve financial independence and be able to dedicate more resources to her family. Grace says that a major obstacle she faces is the high prices for animal feed combined with the low market price for pork meat. Grace has also found it difficult to secure a constant buyer for her produce.

Grace says that because the members of this group are all family or neighbors from the same community, they can learn from each other and support each other in their businesses. She says the name of the group signifies that God is at the center of everything the group takes part in and is “always with us.”

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
  • $4,780,050
    Funds lent in using Kiva
  • 503.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A portion of The Women's Bank "god Is With Us" Group's $3,875 loan helped a member to purchase animal feed and nutrients for bananas and plantains.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Aug 23, 2010
Aug 27, 2010
Currency Exchange Loss:
Apr 16, 2011