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Johanna runs her business out of Limón, located in the Caribbean region of Costa Rica. She has managed to strike a balance between performing her domestic responsibilities and running her sales business. She plans to use this loan to invest in catalogue merchandise in order to increase her inventory of products for sale. This loan will help Johanna to take advantage of product offers and sales by enabling her to invest in the purchase of items such as cosmetics, clothing and kitchen appliances.

Johanna´s goal is to expand her business in order to increase her income and improve her standard of living (and that of her family). She plans to increase her sales by seeking out new clients and hopes to one day open her own small store. Johanna cites her main obstacle as a lack of working capital, necessary for investments in merchandise that she can sell.

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:

Fundación 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. Fundación 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
  • 53
    View loans »
    Costa Rica Loans Fundraising
  • $4,673,875
    Funds lent in using Kiva
  • 555.6
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Johanna to purchase cosmetics, clothing and kitchen appliances.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Apr 5, 2010
Apr 17, 2010
Currency Exchange Loss:
Oct 15, 2011