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Banco Mujer Mujeres De Cosecha Group
In this Group: Ines , Argentina , Carmen , Rosibel , Laura , Lorena
Profile: Banco Mujer/Mujeres de Cosecha
Operation #2011-270
900,000 colones

The bank collected information from the group at Chilamate, in Poas, after a recent site visit. We collected data for 8 people, 2 of whom applied for individual loans--including one other Kiva loan--and a group of the rest who joined together to form the Banco Mujer/Mujeres de Cosecha community bank.

The group's 6 members, all women, include the president, Carmen; the treasurer, Rosibel; the secretary, Ines; the controller, Lorena; and two other members, Argentina and Laura. All belong to an evangelical church. These enterprising women decided to join together, with help from Fundacion Mujer, because they wanted to increase their incomes. Furthermore, they value solidarity and want to help other women in their community prosper, not only financially, but also spiritually.

Demonstrating team work and solidarity is an important part of the group's work. They build work skills as a group and develop complementary businesses to generate income. Among the business they are developing are: crafts, beauty products, general commerce and food-sales.

Two of the members have working businesses. One operates a business making and selling tortillas and the other has a general retail business. Another depends on her sewing machine to make clothes for men, women and children. The women want to use this loan to support these businesses and start others. The group expects to learn from their experience with existing businesses to help them create new ones. They also want to be able to create businesses that will leave them time to care for their families.

In addition to their businesses, the women have worked together in the past to raise money for their church. Now they are committed to working as a team to build their businesses and fulfill the terms and conditions of this loan.

The group has long experience making and selling tortillas, sewing and commerce. They will use this loan to support their existing businesses, grow them and start others. They can count on the equipment and customers that they have now. The report finds that this group has fulfilled Banco Mujer's requirements for forming a community bank in terms of skills, commitment and ability to repay the loan. They are ready to harvest the rewards of the seeds they've sown!
View original language description ↓
Perfil Banco Mujer Mujeres de Cosecha
Operación 2011-270
900.000 colones

El grupo recibe información del BM emprendedoras de Chilamate, también de de la zona de Poas, coordinando la visita de información inicialmente con 8 personas, de estas 2 solicitan crédito individual una lo hizo con Kiva Milena y las restantes integrantes se unen para recibir la capacitación formando el Banco Mujer Mujeres de Cosecha.

Este grupo está integrado por 6 mujeres, sus nombres son Carmen la presidenta, Rosibel la tesorera, Inés la secretaria, Lorena la fiscal y se completan con Argentina y Laura. Todas pertenecen a una Iglesia Evangélica, son un grupo de mujeres emprendedoras con la idea de recibir el apoyo económico de Fundación Mujer y mejorar los ingresos de sus hogares, además consolidar su grupo y ofrecer apoyo en su comunidad para que otras mujeres puedan crecer tanto espiritual como económicamente.

Demuestran ser un grupo conocido y tienen experiencia en el trabajo en equipo y la solidaridad es parte importante de su trabajo. Manejan conceptos del trabajo en grupo y han desarrollado otras actividades complementA. para la generación de ingresos. Entre las actividades a desarrollar están la artesanía, Productos de Belleza, el comercio, la elaboración de tortillas caseras entre otras.

Dos integrantes del grupo tienen sus actividades trabajando, una se dedica a la producción y venta de tortillas y otra al comercio, también una tercera cuenta con maquinaria ya que se dedica a la costura elaborando ropa para hombre mujer y niño. Con este primer crédito se desea apoyar estas actividades e iniciar con las otras compañeras. El grupo cuenta con activos para desarrollar sus actividades, los cuales se tomaron en conjunto para demostrar la solvencia de ellas. Ellas han establecido su plan de trabajo atendiendo tanto al hogar como a su negocio.

Aparte del apoyo económico a sus actividades, tiene experiencia de trabajo en su Iglesia realizando actividades para generar dinero y crecer, se comprometen al trabajo en grupo para sacar adelante esta empresa y cumplir con las obligaciones adquiridas con este crédito.

Se cuenta con una amplia experiencia en la elaboración de tortillas, la costura y el comercio. Se va a apoyar estas actividades buscando su consolidación y apoyar a las otras compañeras a iniciar su negocio. Se cuenta con equipos y una clientela para los productos que ya se están comercializando. Son un grupo unido y han cumplido con los requisitos solicitados para la formación del Banco Mujer en lo que respecta al proceso de capacitación, demostrando compromiso y puntualidad. Están dispuestas a recoger la semilla que han sembrado!

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
  • 505.5
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Mujer Mujeres De Cosecha Group's $1,800 loan helped a member to buy supplies for their retail businesses.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 30, 2011
Oct 31, 2011
Currency Exchange Loss:
Jun 16, 2012