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.
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.
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Success!! The loan was 100% repaid