Milena has a sewing business; she produces items such as pajamas, primary and secondary school uniforms, and special orders for her neighbors. She plans to use this loan to finance the purchase of raw materials necessary for sewing children’s and adult’s pajamas, one of her most popular products.
As a single mother, Milena must be organized. She wakes up early in the morning in order to prepare the meals for the day. She sends her children to school, following which she is dedicated to the production of various clothes. She carries out the tasks of her business until 5 p.m. at which time she starts to prepare dinner. After dinner, she continues sewing until 10 p.m.
Milena aspires to one day own her own production facility where she can provide employment for many women and improve living standards generally.
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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Success!! The loan was 100% repaid