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Maria Elena
Elena is 50 years old, married, and the mother of six children. Three of them are on their own now, while the three younger ones are still in primary and secondary school and dependent on her. She has made great strides with Fundación Mujer (Women's Foundation), first as a member of Banco Mujer (Women's Bank) where she took out three loans and demonstrated excellent discipline in repayment. This hard-working woman, through her drive, perseverance, and sacrifice, has manage to grow crops as well as breed and raise animals including dairy cows. She launched her farming operations with her first loan, and now she would like to go for a larger sum, which will allow her to make a small dairy farm. She is developing her undertaking on a small piece of land granted by the Institute for Social Welfare. She sells her goods in the farmer's market in the center of the city of Turrialba. Her desire to rise above and continue supporting her family are her main drivers, and her short-term goal is to continue to fund her younger children's studies, and then later on those of her grandchildren.
View original language description ↓
Doña Elena tiene 50 años, es casada, y madre de 6 hijos, tres de ellos ya son independientes económicamente y tres menores de edad estudiantes de primaria y secundaria que dependen de la actividad. Ella ha tenido una gran trayectoria con Fundación Mujer, primero como integrante de un Banco Mujer, ahí solicito 3 créditos en los cuales se destacó por una buena moral de pago. Esta mujer tan luchadora, que con su gran empeño, perseverancia y sacrificio ha logrado desarrollar cultivos, criar y engordar animales, y ganado lechero.
Inicio sus actividades agropecuarias con el primer crédito, y ahora quisiera optar por un monto mayor, que le permita hacer una pequeña lechería. Desarrolla su emprendimiento en una parcela otorgada por una Institución de Bien Social, vende sus productos en la Feria del Agricultor del Centro de la comunidad de Turrialba. Sus deseos de superarse y de continuar apoyando a su familia son su principal motor, y su meta a corto plazo es seguir pagando los estudios de sus hijos menores, y más adelante a sus nietos.

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
  • 37
    View loans »
    Costa Rica Loans Fundraising
  • $4,443,750
    Funds lent in using Kiva
  • 515.2
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,175 helped Maria Elena buy a calf and the materials to expand and improve a dairy.
64% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Feb 27, 2014
Feb 12, 2014
Currency Exchange Loss: