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Lourdes
Lourdes is a 52-year-old mother of two who lives with her husband and children in Cariari, Limón, located near the Caribbean coast of Costa Rica. Lourdes runs a sewing business where she provides alterations and produces specific items such as socks, curtains, bathroom towel sets and bed sheets. Lourdes also rents out tablecloths for special events. Her clients are mainly friends, neighbors and acquaintances who live in her community. The loan consultant who has been working with Lourdes has described her as a humble, hard working entrepreneur with a strong drive to succeed. This will be her first individual loan with Fundación Mujer. Her business is in need of an injection of working capital in order to satisfy the demands of her existing clients.

Lourdes carries out her sewing projects in her home where she has a workshop. She plans to use this loan to invest in threads, fabric, casings and other necessary sewing materials. At the moment, she is behind in production and needs more materials to be able to complete her orders. In general, she wakes up early to carry out domestic tasks such as preparing meals for her family and cleaning the house. Afternoons are dedicated to her business, sewing, selling or collecting payments from clients. Lourdes generally goes to sleep late at night.

A main goal for Lourdes is to become financially independent. She wants to be able to reap the benefits of her labor and expand her business without holding debts. In order to accomplish this goal, she plans to start saving some of her revenues. Some of her main challenges have been to start advertising and find an affordable source of hired labor.

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
  • 24
    View loans »
    Costa Rica Loans Fundraising
  • $4,165,075
    Funds lent in using Kiva
  • 500.6
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Lourdes to purchase sewing materials (threads, fabrics, casings).
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 5, 2010
Listed
Oct 22, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2012