The loan consultant that has been working with Ana describes her as an exceptionally hardworking mother. She undertakes her work with much enthusiasm because she has seen how the income she earns as a result of her productive activity contributes significantly to family well-being. Specifically, Ana has been able to make contributions to a savings account which she plans to use to finance the construction of a new house.
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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