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Elizabeth
Elizabeth lives with her family. She is 56 years old, and her micro-business is a snack business in the aforementioned city. The investment she is making is for the purchase of merchandise such as sodas, cookies, and raw ingredients for the preparation of lunches and other food.

Her schedule for her premises is from 7 in the morning until 8 in the evening, as she also serves the evening-classes at the school. In addition, on Saturdays she works from 8 in the morning until 3 in the afternoon, as the school also works with students who come from a distance.

Her family are her main support for the business, as her daughters work with her and earn income to support their children (the requester's grandchildren). The trust that Elizabeth has in her daughters makes the business work more smoothly.

Her main customers are the primary school students and the teachers and administrative staff, who delight in the delicious meals she prepares and who also enjoy something sweet for dessert. Her income from this activity is fixed, which is why repayment of this loan is viable. Also, this is the third loan that this client is requesting from Kiva through Fundación Mujer. She has demonstrated excellent repayment behavior, repaying the loan on the established schedule. She is also a client who is on a growth trajectory.
View original language description ↓
Elizabeth vive con su familia y tiene 56 años y su microempresa es una soda en dicha ciudad. Tiene más de 10 años de tener este negocio trabaja con sus 2 hijas teniendo así un negocio familiar, por este medio generan un ingreso para 3 familias. La inversión a realizar es para la compra de mercadería como gaseosas, galletas, materia prima para la preparación de almuerzos y otros.
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 que 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 tercer 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. Además es una clienta de amplia trayectoria.



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
  • 38
    View loans »
    Costa Rica Loans Fundraising
  • $4,438,125
    Funds lent in using Kiva
  • 510.6
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Elizabeth to buy merchandise (ice-cream, candy, soda and other things) and raw ingredients for making lunches and fast food.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2011
Listed
Oct 6, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012