Banco Mujer Mujeres En Acción Group
The members will invest the loan in the purchase of pigs, chickens, calves, feed, concentrates, fertilizers, chemicals and other inputs to raise livestock and grow cocoa. The members have many years experience in their productive activities but do not have the working capital to grow their businesses; and if we add to these struggles the high cost of raw materials, product transportation costs, lack of a stable market, and the low prices in which they manage to sell their products, all of these obstacles are what they have to face day-to-day. This is why the loan is of great help for all of the entrepreneurs who make up Banco Mujer.
The group has set forth very important objectives such as: growing their business, becoming self-sufficient, continuing their education, and many more. This loan is the first step to reach those objectives.
Las solicitantes van a invertir el préstamo en la compra de cerdos, pollos, terneros, alimentos, concentrados, abonos, químicos y otros insumos para la cría de animales y siembra de cacao. Las integrantes del grupo tienen la experiencia de muchos años en las actividades productivas, pero no cuentan con capital de trabajo para poder hacer crecer sus negocios, y si a esto le sumamos otras dificultades como el alto costo de la materia prima, el transporte los productos, falta de un mercado fijo, y los bajos precios con los que logran vender sus productos. Todos estos obstáculos son los que tiene que enfrentar día a día, por ello el crédito viene hacer de gran ayuda para todas las microempresarias que integran esté Banco Mujer.
El grupo se ha fijado objetivos muy importantes como agrandar sus negocios, llegar a ser autosuficientes, seguir estudiando, y muchos otros. Donde el crédito es un primer paso para alcanzarlos.
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.
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Success!! The loan was 100% repaid