A loan of $600 helped to purchase weaving materials and party decorations and to repair equipment.

Guiselle's story

Guisselle M. L. is 40 years old, married and has two children. She lives in Caballo Blanco, Cartago, located in the central valley of Costa Rica. Guisselle has a business producing handmade woven garments including sweaters, toques, gloves, scarves, socks, etc. She also offers decorating services for special events such as birthdays, communions, and work parties. Her main source of revenue is her garment business, but she involves herself with both activities in order to maintain a steady stream of income. Guisselle has been working in this capacity for the past eight years. Her revenue generating activities have helped her to provide for her children.

This will be Guisselle's first loan with Fundación Mujer. Guisselle decided to apply for a loan after completing a capacity building course in business administration at the Foundation. With this loan, Guisselle plans to make investments in both of her productive activities. Specifically, she plans to buy different colors of high quality wool and make repairs to her weaving machine by replacing the cones. She also plans to use the loan to purchase balloons and party decorations. Currently Guiselle has pending orders in both of her activities. She lacks sufficient working capital in order to make investments, which would enable her to satisfy the demands of her clients. This loan will help to address this obstacle.

With two children and a home to take care of, Guisselle is busy most days until 3 PM. She dedicates the hours between 3 and 6 to weaving. If necessary, she will weave after dinner until 11 PM. When she provides party decoration services, her husband assists her. Guisselle´s long-term goal is to fulfill her business plan, which includes generating sufficient revenues from her productive activities in order to open a weaving workshop and a gift shop. As mentioned, the main factor inhibiting the growth of her business is a lack of access to working capital. Guisselle plans to use this loan to make bulk purchases of quality raw materials, which will ensure a better price from her suppliers and lower her overall costs of production.

Loan details

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Loan details