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Banco Mujer Shekhinná Group
In this Group: Hilda, Aracelly, Karol, María, Stephanie, Blanca, María, María
María is a member of the Shekhinná women's bank. This is a new group that has been set up in Cariari. The group's name means 'God is with us'.

This lady is 46 years old, lives with her partner and has three children, only two of whom live with her (her youngest). Her partner works on a banana plantation as an agricultural laborer. Between them, the couple work hard to provide for their family.

This is the first loan that María has requested. She works as a seamstress, making made-to-measure clothes and also tablecloths, drapes, sheet sets, etc. In addition, she knits clothes by hand. She will use her loan to buy raw materials for making her products. We feel it important to point out that María currently has a large order for her products which will be shown on a national television channel.

This loan will be a great help as it will allow María to invest in her small business, increase her household income, help with her children's education and improve her family's quality of life.

There are seven additional members in this group who will invest in different commercial and agricultural business activities.
View original language description ↓
Doña María es una de las integrantes de Banco Mujer Shekhinná, un grupo nuevo formado en la zona de Cariari, y el nombre significa “La unción de Dios está con nosotros”.
Esta señora tiene 46 años, vive en unión libre y tiene 3 hijos, de los cuales solo 2 viven con ella, los menores de edad, su compañero trabaja en una finca bananera como peón agrícola, y entre los dos luchan por sacar adelante la familia.
Este es el primer crédito que Doña María solicita, y ella se dedica a las costura, confecciona ropa a la medida, así como manteles, cortinas, juegos de sabana y otros, también elabora prendas tejidas a mano. Y el crédito se va a utilizar en la compra de materia prima para la producción de sus prendas. Como dato importante podemos resaltar que actualmente Doña María tiene un pedido grande de sus productos, para mostrarlos en un canal de televisión nacional.
El crédito representa una ayuda muy importante que le va a permitir invertir en su microempresa, y poder aumentar los ingresos de su hogar, ayudar con los estudios de sus hijos, y mejorar la calidad de vida de ella y su familia.
Junto a ella están 7 socias más que van a invertir en actividades comerciales y agropecuarias.

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
  • $4,783,625
    Funds lent in using Kiva
  • 500.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Mujer Shekhinná Group's $2,400 loan helped a member to buy raw materials for making clothes and soft furnishings for the home.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Apr 20, 2012
Apr 30, 2012
Currency Exchange Loss:
Nov 16, 2012