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Kimberly
Kimberly, 21, is a young, single woman and mother of a little boy. She’s a hardworking woman who very much wants to improve and move forward with her baby. Her mother helps her out caring for her baby during working hours. She works in commerce without neglecting her family. She’s asking the Fundación for her first loan to strengthen her business because her life companion helps her with the physical aspect of the store. She wants to earn higher income in her store so that she can complete her university career which is her goal thus improving her quality of life. She will use the loan to buy children’s clothes and costume jewelry.
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Kimberly es una joven con 21 años de edad, soltera y madre de un niño. Es una mujer trabajadora,con deseos de superación y de salir adelante junto con su bebé. Cuenta con el apoyo de su madre para el cuido de su hijo en horas laborales. Ella se dedica al comercio sin descuidar a su familia. Solicita financiamiento por primera vez a la Fundación para reforzar su negocio, debido a que cuenta con el apoyo en la parte física de la tienda de su compañero. Ella desea obtener mayores ingresos en su negocio para poder terminar su carrera universitaria, la cual es su meta; asi mejorar la calidad de vida. El préstamo se invertirá en comprar ropa de niño y bisutería.

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
  • 36
    View loans »
    Costa Rica Loans Fundraising
  • $4,441,500
    Funds lent in using Kiva
  • 498.5
    Costa Rica Colones (CRC) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,825 helped Kimberly to buy stock merchandise for the store.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 13, 2012
Listed
Sep 24, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014