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Virginia
Virginia is a 41 year old client. She is in a common-law marriage, and she has two children. She is a humble and hard-working woman who is dedicated to her family.

She found out about the services that Fundación Mujer offers from another client. It seemed like a good idea to her. By selling chicken, soft drinks, and sweets she started to generate her own income.

She now sees the need to invest in her grocery store because she does not have any competition in her community. That is why she is requesting a loan for the first time from the Fundación.

She has support from her family in the decisions she makes with respect to her business. She has goals to meet, and with the help in her business she will be able to achieve them.
View original language description ↓
Doña Virginia es una clienta que tiene 41 años de edad, vive en unión libre y tiene dos hijos. Es una señora humilde, trabajadora y dedicada a su familia. Se enteró de los servicios que ofrece Fundación Mujer por medio de otra clienta y le pareció la idea. Ella comenzó a generar ingresos propios con la venta de pollo, refrescos gaseosos y golosinas. Ahora ve la necesidad de invertir en una pulpería, debido a que en su comunidad no tiene competencia. Por ésta razón solicita por primera vez un financiamiento a la Fundación. Cuenta con el apoyo de su familia en las decisiones a tomar con respecto a su negocio. Tiene metas por cumplir y con la ayuda en su negocio puede logarlas.

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
  • 501.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Virginia to buy merchandise for her grocery store.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 21, 2011
Listed
Dec 11, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 18, 2013