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María Matilde

Update on María Matilde

María Matilde is a 35 year old woman who lives with her husband in a house provided by the Palma Tica Company, her husband's employer. They only pay electricity and they will have to pay the water bill in the future. She has developed a business out of her house, where she orders the merchandise, transfers the money, and the packaged order is sent to her at home.

She lives in the provice of Puntarenas, in the county and district of Corredores, in the sector Coto 47. This is an area characterized by large expanses of terrain cultivated by Palma Aceitera (palm oil), which is is produced in the area via a cooperative. The cooperative offers work to women; however, it is not sufficient to satisfy the need for paid female work in the area.

Her business activities consist of selling catalog articles to women, who work in the cooperative that processes the palm oil, as well as the wives of workers in the surrounding farms. She will use this loan for the purchase of catalog merchandise such as cosmetics, women's underwear, as well as women's clothing.

Amongst her future plans Matilde would like to finish high school and continue her studies either at a university or tecnical school. Currently she is in the eighth grade in high school and she can only take classes on Saturdays so that it does not interrupt her business activities.
View original language description ↓
María Matilde es una mujer de 35 años, que vive junto a su esposo en una casa que les facilita la Companía Palma Tica, donde labora el esposo, unicamente deben pagar la energia electrica, proximamente deberan pagar la factura del agua; ella desarrolla su actividad comercial desde su casa de habitación,ya que ella pide la mercadería, hace la trasferencia de dinero y le envian por encomienda hasta su casa el pedido.
Vive en la provincia de Puntarenas, en el cantón de Corredores, en el distrito de Corredor, en el sector de Coto 47, esta es una zona que se caracteriza por grandes extenciones de terreno cultivadas de Palma Aceitera, la cual se procesa en la zona por medio de Cooperativa, quienes ofertan trabajo a mujeres sin embargo es insuficiente para satisfacer la necesidad de un empleo remunerado para las mujeres de la zona.
Su actividad comercial la realiza vendiendo articulos de catálogo a mujeres, que laboran en la Cooperativa que procesa la palma aceitera, asi como con esposas de trabajodes de las fincas aledañas; este préstamo se utilizara para la compra de mercadería de catálogo tales como cosmeticos, ropa interior para damas, asi mismo para ropa de mujer.
Dentro de los planes futuros de Matilde esta, el poder concluir su educación secundaria, y continuar estudios parauniversitarios o técnicos, en la actualidad cursa su octavo grado de secundaria, asiste a clases solamente los sabados por lo que no se interrumpe se actividad de comercio.

Previous Loan Details

María is a 33-year-old micro-entrepreneur who lives with her husband in Corredores, in the southern region of Costa Rica. María and her husband have a unique living arrangement. The company which her husband works for, Palma Tica, provides a home for the families of its employees. As a result,... More from María Matilde's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Costa Rica

  • $12,900
    Average annual income
  • 38
    View loans »
    Costa Rica Loans Fundraising
  • $4,441,500
    Funds lent in using Kiva
  • 501.6
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped María Matilde to purchase cosmetics, underwear, and clothing.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
May 24, 2012
Jun 3, 2012
Currency Exchange Loss:
Oct 17, 2013