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Magali
Magali is a very hardworking woman. She is a single mother, and so she decided to start a business from her home so she wouldn’t have to leave her son alone and she would be able to help him with his studies. Today, although he hasn’t finished school, her son is already working and contributes financially to the household monthly expenses. Magali is engaged in sewing T-shirts, leggings, pajamas, and other garments ordered by various businesses in the area. She receives help from her daughter and a daughter-in-law, each one performing a different process in order to finish 500 to 1000 garments per week.

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.
View original language description ↓
Doña Magali es una mujer muy trabajadora, madre soltera, por lo que decide iniciar con una actividad desde su casa para no dejar solo a su hijo y ayudarle en sus estudios; aunque no ha terminado de estudiar ya trabaja y le aporta económicamente al hogar en los gastos mensuales. Ella se dedica a confeccionar camisetas, licras, pijamas y demás prendas que le solicitan las diferentes empresas de la zona, cuenta con el apoyo de su hija y una nuera, cada una realiza un proceso diferente para lograr terminar las 500 o 1000 prendas por semana.
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.

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
  • 10
    View loans »
    Costa Rica Loans Fundraising
  • $4,116,400
    Funds lent in using Kiva
  • 515.2
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,950 helped Magali to purchase three sewing machines.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 5, 2014
Listed
Feb 14, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 19, 2015