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Carmen Elena
Carmen Elena lives in southern Costa Rica, specifically in the province of Puntarenas, town of Golfito, district of Guaycara. This area is known for a low standard of living with few employment opportunities for women, who take matters into their own hands by working for themselves. Many sell different items via catalog, such as undergarments, cosmetics, handbags, jewelry, etc., using a system of selling on credit. This loan will replenish Carmen's working capital, and she plans to use it to buy the same things that she sells to her customers and that they continue to demand, so she already has a market for products. One of her goals is to make some improvements to her home, which is provided by the Costa Rican government but has minimal amenities. Many people of limited resources who would otherwise not have access to a dignified home benefit greatly from this program.
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Carmen Elena es una señora que vive en la zona Sur del país, especificamente, en la provincia de Puntarenas, cantón de Golfito, distrito de Guaycara, esta es una zona caracterizada por tener un bajo desarrollo humano, y con pocas oportunidades de empleo remunerado para mujeres de alli que las mujeres se ven en la necesidad de autoemplearse, lo que logran mediante la venta de diferentes articulos de catálogo, tales como ropa interior, cosmeticos, bolsos, bisuteria ete, utilizando el sistema de ventas a crédito, este préstamo reforzara su capital de trabajo y se destinara a la compra de las mismas mercancias que ella comercializa así como otros que su clientela demanda; ya que cuenta con un mercado donde puede vender sus productos.
Una de las metas que tiene Carmen Elena, es hacer algunas mejoras a su vivienda, ya que la misma es una casa de habitación, otorgada por el estado Costarricense, pero que se entrega con lo minimo, con la idea de que sean los mismos adjudicatarios los que poco a poco le realizen las mejoras; con este programa de gobierno se benefician muchas personas de escasos recursos, que de otra forma no podrían accesar a una vivienda digna.

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
  • 25
    View loans »
    Costa Rica Loans Fundraising
  • $4,165,075
    Funds lent in using Kiva
  • 500.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Carmen Elena to purchase cosmetics, undergarments and handbags via catalog.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2012
Listed
Apr 30, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013