The loan officer that has been working with Adelaida describes her as a woman with a fighting spirit. Despite difficult circumstances, she has managed to raise her children independently, harnessing her sewing skills to earn an income. She has worked as a seamstress for the past eighteen years and has great ambition to improve her standard of living and that of her children.
Adeilada currently works with three sewing machines, which she has acquired one by one over the years. These machines have served her well in the past; however, they are now dated and no longer suit her production needs. For this reason, she is applying for a loan with Fundacion Mujer, to purchase two new sewing machines in an effort to increase her productive capacity.
Adeilada has a sewing workshop that she runs out of a rented house in Calle Blancos. Her main client is a local business named Greenbag that calls her when it has work for her to do. A company representative arrives at Adeilada´s workshop and explains to her the details of the work to be carried out. When Adeilada has finished the agreed upon work, she calls the business to arrange a pick up.
Adeilada's longterm goal is to have a sewing workshop outside of her home, with many machines and employees. Her main obstacle at the moment is her lack of quality sewing machines.
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.
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