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Elba
Elba is a client of the institution who first participated in financial services as a member of a communal bank and later decided to switch over to individual loans. She and her family live in a zone in south Costa Rica, specifically in Puntarenas Province in Corredores Canton, La Cuesta District in Bella Luz de la Vaca Sector, specifically in Río Incendio where she’s been raising pigs for several years that she sells through buyers that come to these places to buy them on the hoof (live pigs) that they subsequently sell to butcher shops.

This zone is noted for producing palm oil, an agricultural activity that demands a large female work force. However, supply exceeds demand so many women need to create their own sources of employment that guarantee income for their homes while being able to raise her two minor children who are school age.

As a short-term goal, Elba wants to expand this productive activity more since she feels that it generates good profits and something that’s important for her is to be able to be alongside her children and this activity allows her to do so.
View original language description ↓
La señora Elba es clienta de la organización quien primero pàrticipo del programa de servicios financieros como integrante de un Banco Mujer, despues toma la decisión de trasladarse a la cartera de préstamos individuales, ella habita junto con su familia en la Zona Sur de Costa Rica, especificamente en la provincia de Puntarenas, en el cantón de Corredores, en el distrito de La Cuesta, en el sector de Bella Luz de la Vaca, especificamente en Río Incendio, donde desarrolla desde hace varios años la actividad de porcicultura, cria de cerdos para engorde, los que se comercializan a travez de compradores que llegan hasta estos lugares, para comprarlos en pié(cerdos vivos), los que posteriormente ellos venden a las carnicerias.
Esta zona se caracteriza por el cultivo de palma aceitera, actividad agricola que demanda mano de obra femenina, sin embargo la demanda supera a la oferta de empleo, de allí que muchas mujeres se vean en la necesidad de crear sus propias fuentes de empleo, que les garanticen una ayuda importante a la economia del hogar, asi como poder criar a sus dos hijos menores que estan en edad escolar.
Como un plan a corto plazo la señora Elba quiere ampliar a un mas esta actividad productiva, ya que considera que le genera buenos dividendos y algo que para ella es importante es poder estar al lado de sus hijos, y la actividad se lo permite

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
  • 28
    View loans »
    Costa Rica Loans Fundraising
  • $4,168,700
    Funds lent in using Kiva
  • 500.6
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Elba to buy pigs, feed and vaccines.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 13, 2012
Listed
Jul 3, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014