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Laura
Laura is a 43-year-old mother of five who lives with her family in San José Coronado, located in the central valley of Costa Rica. Laura has a business selling various useful items from her home to members of her community. In her house, she has a kind of bazaar whereby she displays products for potential customers to peruse. Some of the products Laura sells include school supplies, perfumes, clothing, toys and cosmetics, among others. Laura says that her neighbourhood has been affected by drugs and other forms of crime. She says, ¨Men are selling drugs at night; many people have been assaulted as well.¨

Laura is a hardworking entrepreneur. She is open for business every day from 8 in the morning until 7 at night. She organizes her day by waking up early and sending the children to school in the morning. The rest of her day is dedicated to her business. In her spare time, Laura repairs clothing.

Laura has applied for the current loan in an effort to increase the variety of products she can offer to her customers. An increase in working capital will allow Laura to invest in her stock of items in an effort to increase sales levels. Laura´s goals are to be successful in her business so that she can afford to keep her children in school. Specifically, she hopes to secure enough capital to keep her business afloat. Laura aims to ensure that her children complete as much schooling as possible.

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 Costa Rica

  • $11,100
    Average annual income
  • 0
    View loans »
    Costa Rica Loans Fundraising
  • $4,022,575
    Funds lent in using Kiva
  • 534.4
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Laura for the purchase of various items for resale.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 11, 2010
Listed
Jun 19, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2011