This loan will be Lidia´s second from Fundación Mujer. She plans to use the money to invest in her clothes-selling business. During the week, Lidia takes orders for various types of clothing (men´s, women´s, children´s) from members of her community. Sometimes she travels to the nearby banana plantation to collect orders from the plantation workers. Lidia travels twice per month to San Jose, the capital of Costa Rica (2 hours by bus), in order to purchase clothing to satisfy her list of orders. This loan will be used to fund the purchase of such clothing.
Lidia is a busy entrepreneur. Though this loan will be used specifically to develop her clothes selling project, she has many others on the back burner, including bread making, animal rearing and sewing. She has been working hard for the past five years. Life has been made difficult as a result of a hand injury Lidia suffered a few years ago. She has trouble lifting objects with her left hand. Lidia would like to earn enough money from her productive activities in order to be able to invest in animal rearing. Specifically, she would like to raise and sell pigs and chickens.
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.
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