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Banco Mujer Las Laboriosas Group
In this Group: Gloria, Patricia, Celidey, Piedades, Rocio, Marta, Mayra, Yolanda
Gloria the president of the Las Laboriosas Women's Group has known how to organize the group with leadership and a positive influence on the other members. this 56 year old woman keep working with dedication in her garden where she grows all types of vegetables. This is her second loan and as with the first she is going to invest it in buying materials for her crops. This enterprising micro business woman has been able to increase her production in a short time nad diversify her products, all thanks to the loan. With Gloria are 7 more members who are going to invest in fishing and farming activities.
View original language description ↓
Doña Gloria, la presidenta de Banco Mujer Las Laboriosas ha sabido organizar su grupo, con mucho liderazgo y con una influencia muy positiva en sus compañeras. Está mujer de 56, sigue trabajando con mucho empeño y dedicación en su huerta donde siembra todo tipo de hortalizas, este es su segundo crédito y al igual que el primero lo va a invertir en la compra de insumos para sus cultivos. Esta emprendedora microempresaria logro en muy poco tiempo aumentar su producción y diversificar sus productos, todo gracias al préstamo. Junto a Doña Gloria están en el grupo 7 socias más que van a invertir en actividades 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
  • 10
    View loans »
    Costa Rica Loans Fundraising
  • $4,836,900
    Funds lent in using Kiva
  • 497.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Mujer Las Laboriosas Group's $4,025 loan helped a member to buy fertilizer, insecticide, plastic and other materials for planting.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 11, 2012
Jun 11, 2012
Currency Exchange Loss:
Jul 18, 2013