Eight years ago, she began by purchasing 80,000 colones worth of raw materials. She began her business because her mother had a sewing machine, with which she learned how to make different clothes for her sisters. Currently, she has a sewing workshop at the front of her home, remodeled to accommodate the three machines and various furniture for the raw materials.
This loan will allow Magali to acquire the machines that she has been renting for three years to carry out her work, and to continue this productive activity that has been a great support all this time. She chose “Fundación Mujer” for its convenient application process, good service, and low interest rate.
Inició hace 8 años con la compra de 80.000 colones en materia prima. Esto inició porque su mamá tenía una máquina casera, con la que ella aprendió a confeccionar las diferentes prendas de sus hermanas. Actualmente cuenta con un taller de costura al frente de su casa donde acondicionó para colocar las tres máquinas y diferentes muebles para la materia prima.
Este crédito le va a permitir a doña Magali adquirir las máquinas que ha alquilado desde hace tres años para realizar su trabajo, para continuar con su actividad productiva que ha sido un gran apoyo todo este tiempo.
Eligió Fundación Mujer por la facilidad de los trámites, buen servicio y baja tasa de interés.
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.
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