Evelyn has a business of selling women´s clothing. The majority of her clients are friends, acquaintances and neighbors who live in her community. Her general routine is to wake up early and take care of domestic tasks such as cooking and cleaning. When the first part of her work day is complete, she gets ready to head out into the community, dedicated to the activities of her business, such as making sales, collecting payments or purchasing merchandise. When she is out, she relies on her mother to take care of her baby.
Evelyn has the goal of earning enough income from her sales activity that she would be able to open a store or central location from which to sell items. Her main obstacle is a lack of the working capital necessary for making investments in clothing merchandise. Evelyn hopes to use this loan to purchase various women´s clothing items such as sports clothes and casual wear.
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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.
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