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Maria De Los Angeles
María de los Ángeles, 61, lives with her husband and two children. Due to economic reasons she was unable to complete elementary school and has worked since she was a little girl. This is the first time she’s asked for a loan from the Fundación which she learned about through an organization called INAMU; they were the ones that referred her.

She makes rugs out of pieces of cloth, purses, seat covers and some orthopedic neck braces. She intends to use the loan to invest in raw materials to make her products and to have capital to continue investing.

María started out with the amount of 20,000 colones to buy her first sewing machine 30 years ago. She rises early every day to do her domestic chores and later she starts sewing until the afternoon and after that she focuses on selling.

An obstacle she faces is that her mother is sick and she has to travel to Guanacaste every two weeks to care for her. Her goal is to eventually have a shop with a lot of work.

This granted loan will be of great benefit for her because she’ll be able to have more working capital and will be able to buy more, better quality fabric.
View original language description ↓
La señora Maria de los Ángeles tiene 61 años de edad, vive con su esposo y sus dos hijos, por motivos económicos la señora no pudo terminar su primaria ya que desde muy pequeña trabaja.
Es la primera vez que solicita crédito a la Fundación, la señora se dio cuenta por una organización llamada INAMU la cual fueron ellos la que a refirieron.
La señora hace alfombras de tela en pedazos, bolsos, cubre sillas, y unos huesitos ortopédicos para el cuello, ella piensa invertir en materia prima para hacer sus productos y tener capital para seguir invirtiendo.
Doña María empezó con un monto de 20,000.00 colones para la compra de su primer máquina de coser desde hace 30 años, ella diariamente se levanta temprano hace las labores domesticas y después se pone a coser hasta la tarde y después se dedica a vender
Un obstáculo que tiene es que tiene a la mama muy enferma y ella tiene que viajar cada 15 a Guanacaste para cuidarla, su meta es llegar a tener un taller con mucho trabajado
Este crédito otorgado será de gran beneficio a la señora porque asco podrá tener más capital de trabajo y podrá comprar más telas y de mejor calidad

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
  • 1
    View loans »
    Costa Rica Loans Fundraising
  • $4,022,575
    Funds lent in using Kiva
  • 502.2
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Maria De Los Angeles to buy raw materials to make rugs and orthopedic neck braces.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 8, 2011
Listed
Jul 5, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 19, 2013