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Banco Mujer Las Déboras Group
In this Group: Tatiana , Karla, Alicia, Natalia, Marina, Seidy , Maria
Karla is Treasurer of the Las Déboras Women's Bank group. She is 33 years old, the head of her household, and lives with her four children who are in elementary and high school. She signed up with Fundación Mujer [Kiva field partner] through some interviews in the Siquierres area and this is her first loan with this group.

Karla bakes bread, empanadas, and other baked goods and with this loan she will purchase flour, butter, sugar, yeast, cheese, and other supplies for her baking. She started selling bread to earn some money for herself and her family. Her main obstacles have been the lack of money to buy primary ingredients, as well as the lack of a car to transport her products. Karla's days begin very early so she can bake her bread and distribute it. After that, takes care of household work and cares for her young daughters.

Karla's dream is to own her own bakery downtown in her city, rather than work out of her house. This loan will be a great help to her and her six fellow group members, who will also invest in retail and small businesses.
View original language description ↓
Doña Karla es la Tesorera de Banco Mujer Las Déboras, con 33 años de edad madre sola, jefa de hogar, vive con sus 4 hijos todos menores de edad, estudiantes de primaria y secundaria. Se enteró de los servicios de Fundación Mujer por medio de unas encuestas realizadas en la zona de Siquirres, y está es la primera solicitud de crédito de este grupo.

Ella se dedica a la elaboración pan, empanadas y otros productos de panadería, el crédito lo va a invertir en la compra de harina, manteca, azúcar, levadura, queso y más insumos para la elaboración de sus productos.
Ella empezó a vender pan para obtener ingresos económicos para ella y su familia, y los principales obstáculos que ha tenido que enfrentar es la falta de dinero para comprar materia prima, así como la de un vehículo para transportar sus productos.
El día de Karla empieza muy temprano para poder hacer todo el pan, entregarlo temprano, y luego se dedica a sus labores domésticas, y cuidar de sus hijas pequeñas.
El sueño de Karla es tener su propia panadería en el centro de la cuidad donde vive, y no tener que hacerlo en su casa. El crédito va ser de gran ayuda para ella y sus 6 compañeras del grupo que van a invertir en actividades comerciales y de pequeña industria.

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
  • 8
    View loans »
    Costa Rica Loans Fundraising
  • $4,836,900
    Funds lent in using Kiva
  • 508.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Mujer Las Déboras Group's $2,075 loan helped a member to buy ingredients for baking bread.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Sep 30, 2011
Sep 30, 2011
Currency Exchange Loss:
May 15, 2012