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Elizabeth
Elizabeth H. V. is 49 years old and lives in the community of Canalete Upala, which is located in the Alajuela province. This region is a semi-mountainous area where the main business activities are agriculture and livestock breeding. It is a community that has great opportunity for development and establishment of micro-enterprises in both agribusiness and commercial trade.


For 30 years, Doña Elizabeth has been engaged in sewing. A few years after she learned how to sew, she started her own dressmaking business. She produces various types of clothing that she sells to businesses in the community and directly out of her home. Thanks to her micro-business, the living conditions for her family have improved considerably.


At the moment, Doña Elizabeth is requesting a loan of 680,000 colones to purchase materials such as fabric, thread, pins, buttons, etc. With this investment, she hopes to increase her production and improve the quality of her finished items. She says the loan will help her provide more and better options to her existing and prospective customers.


Doña Elizabeth is a member of the Community Credit Enterprise of Canalete, one of 100 partner organizations that make up EDESA in Costa Rica. This will be her first loan and she hopes to continue growing personally and financially. She is an active participant of her local credit organization.

View original language description ↓
Elizabeth H. V. es una señora de 49 años de edad quien vive en una comunidad llamada Canalete localizada en Upala en la provincia de Alajuela, es un lugar semimontañoso y sus actividades económicas se centran en la agricultura y mayormente en la ganadería. Es una comunidad con una gran oportunidad de desarrollo y establecimiento de microempresas, tanto de agroindustria como comercio

Desde hace 30 años que doña Elizabeth se dedica a la costura; pocos años después de empezar en esto ella inició su propio 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 buscar a su casa. Su microempresa ha ayudado a que la condición de vida de su familia haya mejorado considerablemente.

Actualmente doña Elizabeth requiere un préstamo de ¢680.000 (seiscientos ochenta mil colones) para comprar materiales como telas, hilos, broches, botones 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 Elizabeth es socia de la Empresa de Crédito Comunal Canalete, una de las 100 organizaciones socias de EDESA en Costa Rica. Este será su primer 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

  • $11,100
    Average annual income
  • 25
    View loans »
    Costa Rica Loans Fundraising
  • $4,164,125
    Funds lent in using Kiva
  • 567.5
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Elizabeth purchase sewing materials.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2009
Listed
Nov 1, 2009
Currency Exchange Loss:
Possible
Ended:
Mar 24, 2011