Check out some available loans that are similar to this one!
Juana
Juana lives in Barrio 20 de Noviembre in Puntarena, a place of great poverty and many social problems. She is 43 and lives with her three children who are currently in school. Fifteen years ago, through a lot of hard work as well as the support of Fundación Mujer, she was able to start a shop where she sells clothing and personal articles. As the only income earner for her household, she has been able to provide her children with an education as well as acquire other goods.

The purpose of this loan is to purchase merchandise, principally seasonal clothing since Costa Rica is already changing from the rainy to the dry season (winter) and she has the opportunity to vary her product line and wants to take advantage of a season when her clients, based on her experience and knowledge of the market, look forward to buying new clothes.

Juana also belongs to the Mujer Creciendo Juntas communal bank, which has supported other women with loans for their businesses, however in her case, because of her level of operations she needs to make a larger investment in her small business.

Among her goals, getting ahead stands out, so that she and her children will have a better future; so that they can get more education and she will have support for her business to grow more each day. For now the greatest difficulty has been the economy and, in part, the competition from those who sell by catalog. Nevertheless she has found support for her small business from this program and through experience she has succeeded in maintaining a portfolio of customers.
View original language description ↓
Juana
Tienda
500000
Juana vive en el Barrio 20 de Noviembre en Puntarenas, lugar de mucha pobreza y problemas sociales, tiene 43 años de edad y vive con sus 3 hijos que estudian actualmente. Con el esfuerzo y trabajo además del apoyo de Fundación Mujer desde hace más de 15 años ha logrado establecer una tienda donde vende ropa y artículos personales, ha logrado dar estudio a sus hijos, adquirir otros bienes, siendo el único ingreso de la casa.
El objetivo de este préstamo es comprar mercadería, como productos de principalmente ropa de temporada ya que se está en ese cambio en Costa Rica de la época lluviosa a la época seca (verano) por lo que la oportunidad de variar el producto no se puede desaprovechar, situación que la clienta, por su experiencia y conocimiento del mercado realiza con anticipación. Juana también perteneció al Banco Mujer Creciendo Juntas que ha apoyado a otras mujeres con crédito para sus negocios pero por el nivel que ella tiene requiere realizar una mayor inversión para su micro empresa.
Entre sus metas destaca salir adelante para que sus hijos y ella tengan un futuro mejor, que puedan estudiar y apoyar a que su negocio crezca cada día más. Por ahora la dificultada más grande ha sido la económica, y en parte la competencia que le pueden hacer las personas que venden por catálogo, pero han encontrado en este programa un apoyo para su micro emprendimiento y por su experiencia ha logrado mantener una cartera de clientes.

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
  • 22
    View loans »
    Costa Rica Loans Fundraising
  • $4,356,875
    Funds lent in using Kiva
  • 502.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Juana to purchase merchandise for the changing season.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2011
Listed
Nov 18, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 18, 2013