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Update on Elka

Elka, 37, is single and lives with her minor child. She is a humble worker who has made every effort to reach her goals. Her son goes to school and sometimes helps with the embroidery she does on her sewing work. This is her second loan through Fundación Mujer. She has been working as a seamstress for several years and makes bed linens, curtains and made-to-measure items. She also has an embroidery machine for her clothing.

Sometimes she receives orders for embroidery on uniforms from different institutions in the Limón area. Currently, she also earns an income selling Amway products to save toward her goal, which is to buy an industrial embroidery machine.
View original language description ↓
Doña Elka es una mujer con 37 años de edad, soltera, tiene un hijo menor de edad. Vive sola con su hijo. Es humilde y trabajadora, esforzada por lograr lo que se propone. Su hijo estudia y también le ayuda en los bordados que tiene que hacer a sus trabajos. Es segunda vez que solicita financiamiento a Fundación Mujer.Tiene muchos años de dedicarse a las costuras. Ella confecciona ropa de cama, cortinas, hace costuras a la medida. También tiene una máquina de bordado para sus prendas. En ocasiones le llegan contratos para bordados a uniformes de diferentes instituciones de la zona de Limón. Actualmente genera ingresos también de las ventas de productos amway porque su meta es ahorrar para cumplir su sueño, el cual es comprarse una máquina bordadora industrial.

Previous Loan Details

Elka Zuniga is a 35 years old woman who is single and she has a young child. She lives alone with her son. She is humble and hardworking and she always strives to achieve what she sets out to do. Her son is in school but he also helps her with the embroidery she must do for her projects. She beca... More from Elka'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
  • 54
    View loans »
    Costa Rica Loans Fundraising
  • $4,673,875
    Funds lent in using Kiva
  • 499.3
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Elka to purchase fabrics for her business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Oct 24, 2012
Oct 27, 2012
Currency Exchange Loss:
Mar 17, 2014