She has been in business more than 10 years and at the beginning of the school year she always requests a loan to supply her business with products, including soft drinks, cookies, and ingredients to prepare foods.
Her hours of operation are from 7am to 8pm, also catering to night school. On Saturdays she works from 8am to 3pm because the school is open to distance education students.
Her family is the main support of the business. Her daughters work with her and generate an income of their own to support their children (grandchildren to Elizabeth) and the trust she imparts on them to run the business makes it run smoothly.
Her main clients are the primary school students, and the teachers and administrative staff. They delight in the delicious foods she prepares and they can also enjoy a sweet for dessert. The income generated by this business is steady which is why making loan payments is viable. This is the second Kiva loan accessed by her through Fundacion Mujer (Kiva Field Partner) and she demonstrated excellent conduct with her payments, repaid on the established time frame.
El horario del local es de 7 de la mañana a 8 de la noche, ya que también atiende la escuela nocturna, además los Sábados trabaja de 8 de la mañana a 3 de la tarde, ya que la escuela también trabaja con estudiantes a distancia.
Su familia es el principal apoyo del negocio, sus hijas trabajan con ella y generan los ingresos para mantener a sus hijos (nietos de la solicitante) y la confianza que tiene Elizabeth en ellas hacen que el negocio camine mejor.
Su principal clientela son los estudiantes de primaria y el personal docente y administrativo, quienes se deleitan con los deliciosos almuerzos preparados por ella y además disfrutan de una golosina para el postre. Los ingresos de la actividad son fijos, por lo que el pago de este préstamo es viable. Además este es el segundo crédito que la clienta solicita a Kiva, por medio de Fundación Mujer, demostró tener una excelente conducta de pago con este, cancelándolo en la fecha establecida.
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.
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