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Carolina V. A. is a 42-year-old single mother who lives in San Francisco de Heredia, in the central valley of Costa Rica.

Over the past year, Carolina has worked as a distributor of catalogue products to catalogue vendors in Heredia. The vendors collect orders for clothing and other products from clients in communities throughout Heredia and then purchase products from Carolina in order to distribute them to community members.

The income she generates from sales is the main source of revenue for Carolina and her son. She plans to use this loan to invest in the purchase of catalogue products from a new catalogue company for which she has recently received an influx of orders.

In general, Carolina enjoys a high volume of sales. In a good month she expects to earn 5,100,000 colons; in a bad month, only 1,000,000. Her goal is to expand her business. She says her only obstacle is financial.

The loan consultant who has been working with Carolina describes her as an independent woman with a strong entrepreneurial spirit. Her goal is to expand her business and increase her income so she can pay for some maintenance work to be done on her car and her house.

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:

FundaciĆ³n 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. FundaciĆ³n Mujer offers courses in both business and personal development, as well as training in concrete skills such as sewing and other crafts.

About Costa Rica

  • $12,900
    Average annual income
  • 10
    View loans »
    Costa Rica Loans Fundraising
  • $4,502,650
    Funds lent in using Kiva
  • 547.5
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Carolina for the purchase of catalogue products to be sold at a later date.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Feb 25, 2010
Feb 26, 2010
Currency Exchange Loss:
Apr 30, 2011