Crédito y capacitación para la microempresa

Gross Loan Portfolio USD, 2010: 427,352.7

Number of active borrowers 2010: 521

Average loan balance per borrower USD, 2010: 820.3

Deposits USD, 2010: 0.0

Assets USD, 2010: 667,957.8

Number of depositors 2010: 0

Mission:

To offer opportunities of easy access to the credit and the training, to the women and men microentrepeneurs, in order to they strengthen their commercial and productive activity, improve their quality of life, and join to the economic and social development of the country. “Brindar ... Read more

Background and Main Challenges:

A trajectory of 23 years in micro-credit. Mainly to women: 88% of the portfolio. Trayectoria de 23 años en Microcrédito. Principalmente a mujeres:88% de la cartera.

Address:

De la entrada Norte de NOVACENTRO, 50 mts al Norte. Calle Santa Cecilia. Urb. Villa Capri, casa # 23.

Goicochea Guadalupe

SAN JOSE

3128-1000

Costa Rica

Phone:

(506) 2234-9070

Fax:

(506) 224-5630

Email:

cremujer [at] ice [dot] co [dot] cr

Website:

www.credimujer.org

Main Funding Sources:

Grants

Loans

Products and Services:

Loans

Looking for (Investment Types):

Equity

Loans in Local Currency

Capacity-Building Grants

Donations

% Operations Comprised by MF:

91 - 100

Date established:

Oct 2 1984

FYE:

31-Dec

Current Legal Status:

NGO

Regulated:

Social Performance Profile


+ Mission specifics
+ Target markets (ranked by importance)
Women	1
Clients living in urban areas	2
+ Development goals (ranked by importance)
Increased access to financial services	1
Employment generation	2
Growth of existing businesses	3
Gender equality and women's empowerment	4
+ Poverty targets
Very poor clients
Poor clients
Low income clients
+ Governance
+ Range of products and services
+ Financial products and services offered
+ Credit products offered
Microcredit loans for microenterprises
Microcredit for household needs/consumption
+ Savings products offered
+ Compulsory insurance products required
Compulsory credit life insurance
+ Voluntary insurance products offered
+ Other financial products and services offered
+ Non-financial services offered
+ Enterprise services offered
+ Education services offered
+ Health services offered
+ Women's empowerment services offered
+ Products and services targeting the poor
Products and services specifically designed to target the poor:
+ Social responsibility to clients
+ Client protection principles in use
The loan approval process requires evaluation of borrower repayment capacity and loan affordability. Loan approval does not rely solely on guarantees (whether peer guarantees, co-signers or collateral) as a substitute for good capacity analysis.
Internal audits check household debt exposure, lending practices that violate procedures including unauthorized re-financing, multiple borrowers or co-signers per household, and other practices that could increase indebtedness.
Productivity targets and incentive systems value portfolio quality at least as highly as other factors, such as disbursement or customer growth. Growth is rewarded only if portfolio quality is high.
Prices, terms and conditions of all financial products are fully disclosed to the customer prior to sale, including interest charges, insurance premiums, minimum balances, all fees, penalties, linked products, third party fees, and whether these can change over time.
Staff is trained to communicate effectively with all customers, ensuring that they understand the product, the terms of the contract, their rights and obligations. Communications techniques address literacy limitations (e.g. reading contracts out loud, materials in local languages).
The organization's corporate culture values and rewards high standards of ethical behavior and customer service.
+ Cost of services to clients
Declining balance interest method
+ Social responsibility to staff
+ Human resources
Transparency on salary (a clear salary scale based upon market salaries)
Benefits (medical insurance, pension contribution)
Protection at work (safety, anti-harassment)
Equality (anti-discrimination, equal pay for men and women with equivalent skill levels)
+ Basis of staff incentives related to social performance
Client retention/drop-out rate
Portfolio quality
+ Social responsibility to the environment
+ Poverty measurement tools in use

Partnerships

Current
Name	Relationship
Oikocredit	Funding
REDCAMIF	Network Affiliation
REDCOM	Network Affiliation

MFI Report