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Banco Mujer Nuevo Caribe Group
In this Group: Cinthya , Leticia, Shirley, Sharon , Nydia , Elizabeth, Lizeth , Karla
Leticia is Treasurer of the “Mujer Nuevo Caribe” communal bank; she’s a very hard working woman and successful micro businesswoman. But, above all, she’s a self-sacrificing mother. She has three children, a girl, 11, and twin, 13-year-old boys one of which has cerebral palsy and because of his physical and mental disability requires care and total help. She is mother and head of household; she does not get any help from her children’s father but this has not kept her from getting ahead nor especially has kept her from providing her son with all the special care he needs. Her other two children are her greatest support system despite their young age; they form a true team united for their family’s wellbeing primarily to provide their brother with all the love and attention he needs.

Leticia must rise very early every morning to tend to her son, prepare meals for those that are heading to school, to do her household chores so that when they return home from school she can go out into the community to sell her products. She sells clothes, lingerie, perfume, cosmetics and other products which thanks to her loan from Fundación Mujer she will be able to invest in more merchandise for the Christmas season.

This very determined woman has her goals very well defined and she intends to reach them in reasonable time. Among them are: having her own home-based store while continuing to sell her products door to door; to buy a car so that it will be easier for her to move from place to place to sell her merchandise as well as to take her son to the doctor and other therapies that are indispensable for him and, the most important thing, to give her children a better quality of life, especially to her disabled son.

There are seven more members with Leticia who are all very enterprising and who wish to get ahead; they carry out commercial and small industry activities.
View original language description ↓
Doña Leticia es la Tesorera de Banco Mujer Nuevo Caribe, una mujer muy trabajadora, microempresaria exitosa, pero sobre todo una madre abnegada, tiene 3 hijos, una niña de 11, y gemelos de 13 años, uno de ellos con Parálisis Cerebral, y que por su discapacidad física y mental requiere de cuidado y ayuda total; Ella es madre jefa de hogar, no cuenta con la ayuda del padre de los hijos, pero eso no le ha impedido salir adelante, y especialmente darle todos los cuidados especiales que su hijo necesita. Sus otros 2 hijos son su principal apoyo a pesar de su corta edad y conforman un verdadero equipo que unidos buscan el bienestar familiar y principalmente brindarle a su hermano todo el amor y las atenciones que necesita.
Doña Leticia se debe levantar muy temprano todos los días, para poder atender a su hijo, preparar la comida de los que se van a la escuela, hacer la labores domesticas, y para cuando ellos regresan de estudiar, poder salir a vender sus productos por toda la comunidad. Ella comercializa ropa, lencería, perfumes, cosméticos y otros productos, que gracias al préstamo de Fundación Mujer va a poder invertir en más mercadería a para la temporada navideña.
Esta mujer tan luchadora tiene sus metas bien definidas, y piensa lograrlas a mediano plazo, tales como; tener su propia tienda en la casa, pero sin dejar de vender productos en forma ambulante, además de comprarse un automóvil, para que le sea más fácil trasladarse a vender su mercadería así como llevar a su hijo al doctor y otras terapias que son indispensables para él, y lo más importante darles a sus hijos una mejor calidad de vida, principalmente a su hijo con discapacidad.
Junto a Leticia están en el grupo 7 señoras más, todas muy emprendedoras, con deseos de salir adelante y que desarrollan 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
  • 11
    View loans »
    Costa Rica Loans Fundraising
  • $4,722,350
    Funds lent in using Kiva
  • 497.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Mujer Nuevo Caribe Group's $2,425 loan helped a member to buy clothes, lingerie, perfume, cosmetics and others.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Nov 25, 2011
Dec 1, 2011
Currency Exchange Loss:
Jun 16, 2012