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Banco Mujer Santa Lucía Group
In this Group: Diana, Kattia, Vanesa, Raquel, Maribel
This communal bank was formed six months ago in a sociomarginal community located in the province of Cartago, Paraíso Canton. It consists of six women who want to improve their and their family's living conditions. This leads them to look for alternative forms of economic support. By reference of one of their members they looked for information in the foundation about group loans and decided to form a group to start their business project or to strengthen the one they already have.

They have already received the primordial requirement of the capitalization process and the first loan, which they paid punctually. Now they are requesting a second loan according to the communal bank modality, for the amount of 250,000 each.

For personal reasons one of the members retired from the group, which is why in the photo there is one extra person, as this was the photo we had in our records.

They await this loan enthusiastically as it will allow them to extend their businesses by buying more stock to sell via catalogue and raw material to make crafts and artesanal objects.
View original language description ↓
Este banco mujer se conformó hace seis meses, en una comunidad sociomarginal,ubicada en la provincia de Cartago, cantón de Paraíso, con seis mujeres, que sus deseos de mejorar las condiciones de vida de ellas y sus familias, las lleva a buscar alternativas de apoyo económico y por referencia de una de sus integrantes, ellas buscan información en la fundación, acerca del crédito grupal y deciden unirse para iniciar su proyecto ecnómico, o para fortalecer el que ya tienen.

Ya ellas recibieron el proceso de capacitación, requisito primordial y el primer crédito, que pagaron en forma puntual, ahora están solicitando el segundo crédito según la modalidad del banco mujer,por un monto de 250.000 colones cada una.

Por razones personales una de sus integrantes se retiró del grupo, por eso es que en la foto que se sube al perfil hay una señora de más ,ya que es la foto que tenemos en nuestros registros.

Ellas esperan con gran entusiasmo este crédito, ya que les permitirá ampliar sus
negocios, al poder comprar más mercadería para las que venden productos por catálogo y materias primas para las que producen manualidades y artesanías.

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
  • 500.7
    Costa Rica Colones (CRC) = $1 USD
A portion of Banco Mujer Santa Lucía Group's $2,500 loan helped a member to buy cosmetics, clothes, footwear, paints, brushes, wood.
Repayment Term
13 months (Additional Information)
Repayment Schedule
Jun 23, 2012
Jun 5, 2012
Currency Exchange Loss:
Jul 5, 2012