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Teresita
Teresita is a 54-year-old woman who lives with her brother in Vazquez de Coronado, Costa Rica.

Teresita runs a type of corner store which is attached to her home. She sells various products including books, clothing for children as well as for adults, cleaning products and personal hygiene products. She also has a photocopying machine.

Teresita plans to use this loan to invest in the purchase of inventory that she will sell in her store. She says that her lack of access to working capital (i.e. loans from formal lending institutions) has hindered her ability to expand her business, gain more clients and increase revenues.

Teresita organizes her day in the following manner: she wakes up early and cleans the house and store. If a client passes by, she opens up (no earlier than 6 a.m.) and the day begins. She stays open all day until 8 p.m.

Teresita’s main goal is to expand her business, fill her store with a variety of products and increase her revenues. A main obstacle for Teresita is that she lives in a rural area with a small population, which makes clients hard to come by.

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
  • 10
    View loans »
    Costa Rica Loans Fundraising
  • $4,111,850
    Funds lent in using Kiva
  • 504.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Teresita to purchase inventory such as clothing, cleaners and books.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 30, 2010
Listed
Aug 14, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 2, 2011