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Carmen has been a leader in the Puntarenas area in supporting women who want to excel and get ahead. She lives in Barrio 20 de Noviembre in Puntarenas, a place of great poverty and many social problems. She is 52 and lives with her three children and has a grandson. Through a lot of effort and hard work she has succeeded in providing her children with an education (one of whom is now a nurse) and has also brought together hardworking and enterprising women in order to advocate for their loans from Fundación Mujer, since they are often the only income-earners in their households.

This loan is to buy merchandise, such as catalog products and household appliances, that she is going to purchase in the duty free shopping zone, well known in the southern part of Costa Rica, and take advantage of the season when there are a lot of Christmas bonuses and savings and people want to buy items, whether to give to others or to themselves, a situation that the client, due to her experience and knowledge of the market, knows how to capitalize on.

Carmen also belonged to the Mujer Creciendo Juntas communal bank, which has supported other women with loans for their businesses.

Among her goals, getting ahead stands out, so that she and her children will have a better future; so that they can get more education and she will have support for her business to grow more each day. For now, the greatest difficulty has been the economy; however she has found support for her small business in this program.
View original language description ↓
Carmen ha sido una líder en la zona de Puntarenas para el apoyo de mujeres que desean superarse y salir a delante, vive en el Barrio 20 de Noviembre en Puntarenas, lugar de mucha pobreza y problemas sociales, tiene 52 años de edad y vive con sus 3 hijos y tiene un nieto. Con el esfuerzo y trabajo ha logrado dar estudio a sus hijos, una de ellas es enfermera; además de agrupar mujeres trabajadoras y emprendedoras para apoyarlas con crédito por parte de Fundación Mujer, siendo el único ingreso de la casa.
El objetivo de este préstamo es comprar mercadería, como productos de catálogo y electrodomésticos, que va a comprar a un deposito libre muy conocido en la zona Sur de Costa Rica, aprovechando la época donde hay muchos ingresos por aguinaldo y ahorros y la gente desea comprar artículos ya se para regalar o para auto regalarse, situación que la clienta, por su experiencia y conocimiento del mercado aprovecha. Carmen también perteneció al Banco Mujer Creciendo Juntas que ha apoyado a otras mujeres con crédito para sus negocios.
Entre sus metas destaca salir adelante para que sus hijos y ella tengan un futuro mejor, que puedan estudiar y apoyar a que su negocio crezca cada día más. Por ahora la dificultada más grande ha sido la económica, pero han encontrado en este programa un apoyo para su micro emprendimiento.

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
  • 8
    View loans »
    Costa Rica Loans Fundraising
  • $4,836,900
    Funds lent in using Kiva
  • 502.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Carmen to invest in the purchase of catalog merchandise and small household appliances.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Nov 15, 2011
Nov 17, 2011
Currency Exchange Loss:
Jun 18, 2013