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Marta is a 61-year-old single mother who lives with her son and sister in Las Magnolias, La Uruca, located in the central valley of Costa Rica. Marta has a business making and selling decorative bags made out of durable fabric. Marta plans to use this loan to invest in raw materials necessary for bag making. Her goal is to produce and sell as many bags as she can. Marta dedicates the hours from 2-9 pm to her productive activity.

This will be Marta´s sixth loan with Fundación Mujer. The loan consultant who has been working with Marta over the past months describes her as a hardworking entrepreneur with a fighting spirit who produces all her products in her house.

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
  • 6
    View loans »
    Costa Rica Loans Fundraising
  • $4,836,900
    Funds lent in using Kiva
  • 500.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Marta to invest in raw materials necessary for making bags.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Sep 22, 2010
Sep 24, 2010
Currency Exchange Loss:
Nov 16, 2012