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María Matilde
María is a 33-year-old micro-entrepreneur who lives with her husband in Corredores, in the southern region of Costa Rica. María and her husband have a unique living arrangement. The company which her husband works for, Palma Tica, provides a home for the families of its employees. As a result, María is not required to pay rent. This allows her to re-invest the earnings from her business back into the business.

María is involved in catalogue sales. In her community, from door-to-door, she offers a variety of products to potential clients, in an effort to increase revenues. Her most popular products are women’s underwear and cosmetics. She plans to use this loan to invest in the purchase of such merchandise.

As is the case for most women in the region, María is responsible for domestic tasks such as cooking and cleaning. Everyday, after these tasks have been completed, she dedicates her time to her business, whether making sales, purchasing merchandise, or collecting on repayments. For María, this loan represents the opportunity to secure much needed working capital, which will allow her to make sales to her clients on credit, a method she has found very effective with her clients.

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
  • 48
    View loans »
    Costa Rica Loans Fundraising
  • $4,673,875
    Funds lent in using Kiva
  • 499.5
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped María Matilde to purchase women´s underwear and cosmetics to sell.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 6, 2010
Dec 6, 2010
Currency Exchange Loss:
Jul 15, 2012