Banco Mujer Las Hijas Del Rey Group
Currently, she cares for two grandchildren because her daughter is very sick and unable to work to support them. This has pushed her to continue the work with which she is experienced. It is important to point out that, after so many years, she is very close to fulfilling her dream: to have a house so she will stop getting wet and to have a floor that her current house does not have.
She is requesting this loan in order to generate more income from the sale of the goods that she distributes. The sales are greater at this time because of Mother's Day and Christmas gifts. She chose Fundacion Mujer for the simple paperwork and low interest rate.
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
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Success!! The loan was 100% repaid