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Gloria
Gloria is 52 years old and lives in the small rural community of La Esperanza, in San Jose de Upala, Alajuela Province, Costa Rica. The local economic activities include commerce, livestock raising (for meat and milk), and agriculture. She lives with her husband and two of her six children.


It has been a little over 5 years since Gloria started her clothes making business. She makes different types of garments which she later sells in businesses locally and in the surrounding areas. People also come to her house to buy them. Her micro-enterprise has improved her family's condition of life considerably.


At present, Gloria wishes to obtain a loan of $1,175 to buy a special sewing machine and materials such as cloth, thread, etc. With this investment she hopes to increase production and improve the quality of her products. She assures us that with this loan she can offer more and better options to her existing and potential customers.


Gloria is a member of La Esperanza Womens Community Credit organization, which specializes in helping non-professional women and women who head households. It is one of 100 organizations belonging to EDESA in Costa Rica. This will be Gloria's second loan and with it, she hopes to continue her personal and economic growth, as well as participate actively in her community's credit organization.

View original language description ↓
Gloria T. M. es una señora de 52 años de edad, quien vive, en una pequeña comunidad rural de Costa Rica llamada La Esperanza localizada en San José de Upala, Provincia de Alajuela. Ahí se desarrollan actividades como el comercio, ganadería de doble propósito (carne y leche) y agricultura. Doña Gloria vive con su esposo y dos de sus seis hijos.

Desde hace poco más de 5 años que doña Gloria inició un negocio de confección de ropa. Ella elabora diferentes tipos de prendas de vestir que luego vende en negocios de la comunidad y sus alrededores o incluso la llegan a buscarla a su casa. Su microempresa ha ayudado a que la condición de vida de su familia haya mejorado considerablemente.

En estos momentos doña Gloria desea obtener un microcrédito por ¢680,000 (seiscientos ochenta mil colones), para comprar una máquina especial para coser y materiales como telas, hilos, etc. Con esta inversión espera poder incrementar su producción y mejorar la calidad de los productos. Afirma que gracias a este préstamo podrá ofrecer más y mejores opciones para sus clientes actuales y potenciales.

Doña Gloria es socia de la Empresa de Crédito Comunal de Mujeres la Esperanza; la cual está integrada solo por mujeres, ya que se especializa en apoyar a mujeres no profesionales y jefas de hogar, es una de las 100 organizaciones socias de EDESA en Costa Rica. Este será su segundo préstamo y con él espera continuar creciendo a nivel personal y económico además de participar activamente en la organización de crédito en su comunidad.



Additional Information

More information about this loan

As a small and relatively young MFI located in Costa Rica, EDESA has difficulty attracting other sources of capital. Many other microfinance funders do not work in Costa Rica, because overall the country is too rich. However, organizations such as EDESA work with extremely marginalized populations in Costa Rica that really need the access to capital that EDESA provides. By funding EDESA, Kiva lenders are allowing the organization to grow and reach more people than they otherwise would be able to reach.

About Costa Rica

  • $12,900
    Average annual income
  • 38
    View loans »
    Costa Rica Loans Fundraising
  • $4,438,125
    Funds lent in using Kiva
  • 585.6
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Gloria bUYING A SPECIAL SEWING MACHINE, CLOTH, THREAD, AND ACCESSORIES.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 24, 2009
Listed
Aug 16, 2009
Currency Exchange Loss:
Possible
Ended:
Sep 25, 2012