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Rosalba
Rosalba is a 52 year-old woman. She lives with her husband and a minor child who is studying in the 5th grade. He is a very intelligent child who has a desire to succeed. This is why Rosalba wants him to complete his education. This has inspired her to expand her business, making undergarments in greater quantities so that she can expand into other areas and sell to more customers. She has been selling underwear for a number of years, but her demand has increased and she doesn't have a machine that will enable her to work more rapidly. Therefore, she is requesting a loan so that she can buy another sewing machine and raw materials so that she can complete her orders more quickly. Rosalba chose the Fundacion Mujer because of the good service and lower interest rates they offer. She dreams of expanding her dressmaking workshop and hiring women in the area who, like her, are working to get ahead with their families.
View original language description ↓
Doña Rosalba es una mujer de 52 años de edad, ella vive con esposo y un hijo menor de edad el cual está cursando el quinto grado de la escuela, es un niño muy inteligente y con deseos de superarse, por lo que doña Rosalba desea que él culmine sus estudios, ahí nace la inspiración de ella para confeccionar ropa interior en mayor cantidad, para expandirse por otros sectores y vender a más clientela. Ella vende esta ropa interior desde hace varios años, pero su demanda ha aumentado y no tiene la máquina con la que puede laborar con más rapidez; por lo tanto, solicita este crédito con el fin de comprarse otra máquina y materia prima para realizar los pedidos con mayor rapidez. Eligió Fundación Mujer por la buena atención y la baja tasa de interés. Ella sueña con agrandar su taller de costura y contratar a mujeres de la zona que al igual que ella se esfuerzan por salir adelante con sus familias.

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.

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About Costa Rica

  • $11,100
    Average annual income
  • 37
    View loans »
    Costa Rica Loans Fundraising
  • $4,171,575
    Funds lent in using Kiva
  • 552.0
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $925 helped Rosalba to buy a sewing machine and raw materials.
59% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 7, 2014
Listed
Apr 17, 2014
Currency Exchange Loss:
Possible