A loan of $1,000 helped to purchase inventory such as clothing, cleaners and books.

Teresita's story

Teresita is a 54-year-old woman who lives with her brother in Vazquez de Coronado, Costa Rica.

Teresita runs a type of corner store which is attached to her home. She sells various products including books, clothing for children as well as for adults, cleaning products and personal hygiene products. She also has a photocopying machine.

Teresita plans to use this loan to invest in the purchase of inventory that she will sell in her store. She says that her lack of access to working capital (i.e. loans from formal lending institutions) has hindered her ability to expand her business, gain more clients and increase revenues.

Teresita organizes her day in the following manner: she wakes up early and cleans the house and store. If a client passes by, she opens up (no earlier than 6 a.m.) and the day begins. She stays open all day until 8 p.m.

Teresita’s main goal is to expand her business, fill her store with a variety of products and increase her revenues. A main obstacle for Teresita is that she lives in a rural area with a small population, which makes clients hard to come by.

Loan details

Lenders and lending teams

Loan details