Update on María LuciaMaría Lucia
The member has been in this business for about 5 months. She had land and the basic infrastructure but then there was a flood.
Maria Lucia is a very energetic woman who wants to start up new projects to improve the economic situation for her immediate family. She is 75, head of the household, and takes care of her 95 year old mother who is blind, and a son who is retired because of disability. He helps taking care of the house and the tilapia. She has raised her children and grandchildren and has been a widow for some years.
With everyone’s help she had training and started a business with 500 tilapias. They built tanks and bought the necessary equipment. Before the fish grew they built another tank and also since this was the final phase, they wanted to cement it and improve the growing conditions for better quality fish. She was going to do this with the last loan but the weather destroyed part of the advance. Now she has the tanks fixed again and she needs the capital to buy the fish. She will complement this business by buying chickens to fatten.
Conditions: the property has land to develop this business. She lives in a busy neighborhood and there is a potential market. Also a daughter has a general store where she sells the fish. She is an older woman with great energy and desire to work as an example of rising again with dignity.
La clienta lleva 5 meses aproximadamente llevando a cabo la actividad, cuenta con el terreno y la infraestructura inicial (piletas), luego de la inundación sufrida.
La señora María Lucia es una persona con una gran energía y deseos de implementar nuevos proyectos para mejorar la situación de ingresos del núcleo familiar. Ella es la cabeza del hogar tiene 75 años y cuida a su madre de 95 años que es ciega, un hijo, pensionado por invalidez quién le ayuda en las labores de mantenimiento y cuido de las tilapias. Ha criado a sus hijos y nietos ya que enviudo hace varios años.
Con el aporte de todos recibieron una capacitación e iniciaron con 500 tilapias, construyeron las piletas y compararon los implementos necesarios para el trabajo. Ante el crecimiento de los peces edificaron una pileta adicional y además como es la fase final desean cementarla y mejorar las condiciones de crianza de la misma para ofrecer un producto de calidad. Esta situación se iba a realizar con el préstamo anterior, pero las condiciones climáticas destruyeron parte del avance, ahora se tienen acondicionadas de nuevo y se requiere de capital para la compra de los peces, y se va a complementar con la compra de pollos para engorde.
Condiciones: La propiedad cuenta con el terreno para desarrollo de la actividad, se vive en un barrio poblado y existe el potencial de venta del producto, además una hija cuenta con una soda donde el producto también es ofrecido. Es una señora mayor con mucha energía y ganas de trabajar, todo un ejemplo digno de resaltar.
Previous Loan DetailsMaría is a 74-year-old mother of six who lives with her 95-year-old mother, three sons and 5-year-old grandson in Puerto Viejo de Sarapiqui, Costa Rica. María has a business farming tilapias (a type of fish) at her house. With one of her sons, she received training in fish farming and, with her… More from María Lucia's previous loan »
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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid
- Repayment Term
- 20 months (Additional Information)
- Repayment Schedule
- Apr 9, 2012
- Apr 12, 2012
- Currency Exchange Loss:
- Nov 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.