An experienced businesswoman, this will be Rosaura´s 6th loan with Fundación Mujer. Rosaura has been successful in combining her business instincts and diligent work ethic in order to take advantage of past loans and make improvements to her business.
Rosaura runs a sewing business, where she produces various types of clothing for men, women and children such as bags, pajamas,socks and shirts. She is applying for the current loan as a method to increase her working capital in order to satisfy the demands of her clients. With this loan, Rosaura plans to invest in a new sewing machine, fabric, threads, needles, and other sewing materials.
On a typical day, Rosaura wakes up early and takes care of household chores. After cooking and cleaning, she dedicates her time to the activities of her business: making sales, sewing clothes, collecting on repayments, making purchases, etc. At the moment, Rosaura runs her business from her home. In the future, her goal is to open a central location in order to offer her sewing products to clients.
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.
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Success!! The loan was 100% repaid