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Shirley
Shirley is a 43-year-old mother of three who lives with her husband and children in La Peregrina, La Uruca, Costa Rica. Shirley runs a store out of the garage attached to her house. She has dedicated the past six years to her business where she sells various articles such as party decorations, personal hygiene products, books and photocopying services. Shirley plans to use this loan to increase her working capital. For health reasons, she has not been able to find a steady job, reducing her ability to make contributions to her working capital. This loan will be used to purchase various products to fill Shirley´s store.

Business hours are from 7AM to 8PM. Shirley juggles the tasks of taking care of her children (one of her children is three years old) and running her business. Her main obstacle is a lack of access to working capital. Shirley's goal is to get business back to the way things used to be, a store full of products and clients. This loan will help to address this challenge.

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 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.

About Costa Rica

  • $12,900
    Average annual income
  • 36
    View loans »
    Costa Rica Loans Fundraising
  • $4,441,500
    Funds lent in using Kiva
  • 503.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Shirley to purchase various products to sell at her store (party decorations, books).
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 5, 2010
Listed
Aug 19, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011