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Banco Mujer En Progreso Group
In this Group: Anay, Yesenia , Ana , Zulay, Rosibel, Lilliam, Evelyn , Francisca, Sara
Yesenia is the treasurer of Banco Mujer En Progreso (Women in Progress Bank). She is 32 years old and has three young children. She has been civilly married for more than seven years. Yesenia is a saleswoman with much experience. Over the years, she has been able to strengthen her business and increase her clients. She works selling plastic kitchen containers in bulk as well as individually in door-to-door sales.

This is Yesenia's fourth loan. She says that the loans from Fundación Mujer (Women's Foundation) have helped her to strengthen her business. Yesenia will invest this loan to purchase more of the plastic containers that are in higher demand. She plans to continue growing and selling her products in other communities. She aims to increase her profits, and thus improve her family's quality of life.

This group is composed of nine women who will invest in other businesses as well.
View original language description ↓
Yesenia es la tesorera de Banco Mujer En Progreso, tiene 32 años, 3 hijos menores de edad y vive en unión libre hace más de 7 años. Ella es una comerciante con mucha experiencia y a través de los años ha logrado consolidar su negocio y aumentar su cartera de clientas. Su actividad es la distribución al por mayor de recipientes plásticos de cocina, y también la venta ambulante de los mismos artículos por unidad. Este es el cuarto crédito que solicita y nos cuenta que los financiamientos de Fundación Mujer son los que le permitieron fortalecer su negocio. Y este préstamo será invertido en los mismos recipientes plásticos que se vende muy bien. Entre sus proyectos están seguir creciendo y distribuir en otras comunidades los productos, aumentar sus ingresos económicos y con ello mejorar la calidad de vida de su familia. El grupo lo integran un total de 9 señoras que van a invertir en actividades comerciales.

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
  • $4,836,900
    Funds lent in using Kiva
  • 501.4
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Mujer En Progreso Group's $6,300 loan helped a member to buy plastic kitchen containers to sell in bulk.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Mar 15, 2013
Feb 28, 2013
Currency Exchange Loss:
Oct 17, 2014