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Zoila is a single, 53-year-old mother of five who lives with three of her own children, a daughter-in-law and four nieces in Tibas, located in the central valley of Costa Rica.

Zoila runs a store out of her home. As you can see in the picture, she has a window that opens onto the street which is used to interact with customers. Zoila sells all kinds of products including plantains, milk, soft drinks, candies, etc. She hopes to use this loan to finance the purchase of diverse merchandise (including the products listed above) in order to fill her store and attract more customers.

Zoila travels three times a week to the market in order to stock up on inventory. On these days, she must wake up at 3:00 AM in order to make a trip to the market and open her store by 6:00 AM. Zoila takes a lunch break at 12:30 PM until her niece arrives at 1:00 PM. At this point, her niece carries out domestic tasks while Zoila continues with the business of running the store. Zoila closes the store at 8:00 PM.

Zoila´s main obstacle is a lack of access to working capital. She hopes this loan will help her to increase capital and finance the purchase of more items to sell in her store.

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
  • 16
    View loans »
    Costa Rica Loans Fundraising
  • $4,511,275
    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 Zoila for the purchase of inventory items (milk, plantains, soft drinks).
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Sep 28, 2010
Sep 29, 2010
Currency Exchange Loss:
Nov 16, 2012