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Mercedes is happy and hard-working. She lives in San Francisco, Heredia. She is one of the longest standing clients of Fundación Mujer at more than 18 years. Born in Nicaragua, Mercedes got her first loan not long after she emigrated to Costa Rica. She left Nicaragua in 1990 because of the extensive damage caused by the war against the Contras in the decade of 1980. She felt that she had no opportunity in Nicaragua.

Mercedes is very proud of the success she has had in Costa Rica. She will use the loan to buy perfumes, clothing and appliances in Panama. The products can be bought at low prices in Panama and then sold at a good profit in Costa Rica. She really enjoys going out in the street to sell her goods. Her business is doing really well right now, she has not had any problems recently. She hopes to pay off her loan ahead of schedule.

With the profits from her business she has managed to repair and expand her house. She has added on another bedroom, a large living room and a kitchen amongst other improvements. Mercedes was recently widowed and actually lives with one of her daughters and two young grandchildren. She is happy with her business. Her work offers her the chance to spend more time for herself and her family. Her goal is to expand her business, find new clients and continue working. She has no fixed working hours. Her hours and work-week are subject to change according to the needs of her clients.
View original language description ↓
Mercedes es alegre y trabajadora vive en San Francisco, Heredia. Ella es una clienta de una larga trayectoria con la Fundación Mujer, más de 18 años. Nacida en Nicaragua, Mercedes obtuvo su primer préstamo poco después emigró a Costa Rica. Ella salió de Nicaragua en 1990 a causa de la totalidad del daño causado por la guerra de los contras en la década de 1980. Ella no se sentía como si tuviera alguna oportunidad en Nicaragua.
Ella está muy orgullosa del éxito que ha tenido en Costa Rica, utilizará el préstamo para comprar perfumes, ropa y electrodomésticos en Panamá. Los productos se pueden comprar a precios muy bajos en Panamá y luego se venden con un buen margen de ganancia en Costa Rica. Ella realmente disfruta de salir a las calles y la venta de los bienes. Su negocio está muy bien en este momento, no ha tenido problemas recientemente y está esperando para pagar su préstamo antes de tiempo.
Con la ganancia de su negocio, ella ha logrado reparar y ampliar su casa. Añadió otro dormitorio, una sala de estar grande, una cocina entre otras.
Mercedes recientemente enviudó y actualmente vive con una de sus hijas y dos nietos pequeños.
Ella está contenta con su negocio. Su trabajo le ha ofrecido la oportunidad de proporcionar una vida mejor para ella y su familia. Su objetivo es ampliar su negocio, buscar nuevos clientes y seguir trabajando. Mercedes no tiene un horario de trabajo fijo. Su jornada de trabajo y la semana de trabajo están sujetas a cambios, de acuerdo a las necesidades de sus clientes

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
  • 0
    View loans »
    Costa Rica Loans Fundraising
  • $4,789,625
    Funds lent in using Kiva
  • 504.0
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,000 helped Mercedes to buy perfume, clothing and appliances.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Feb 27, 2014
Feb 14, 2014
Currency Exchange Loss:
Nov 17, 2014