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Sarly

Update on Sarly

Sarly has been a client of Fundación Mujer since 2005. She has used her loans to invest in equipment and supplies to use in her beauty salon. She has had this business for approximately 10 years. Sarly has reqeusted a small loan this time to be able to cover the costs of her divorce since if she took this money from her working capital, it would affect her business. This is the reason and the path that she has as a client of Fundación Mujer and she has been approved for her loan request.
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Sarly ha sido cliente de Fundación Mujer desde el 2005,los créditos que se le han dado han sido para invertir en la compra de equipo y materiales que utiliza en su salón de belleza, cuya actividad realiza desde aproximadamente 10 años. En esta ocasión Sarly ha solicitado un pequeño crédito para poder cubrir los gastos de trámite de su divorcio ya que si saca ese dinero de su capital de trabajo , esto le afectaría la compra de su material de trabajo. Es por esta razón y la trayectoria que ella tiene como cliente de Fundación Mujer que le ha sido aprovada su solicitud de crédito.

Previous Loan Details

Sarly is a 44-year-old single mother of two who lives with her children in San Rafael Abajo, located in the central valley of Costa Rica. Sarly runs a hair salon where she offers services such as styling, dying, cutting, curling, etc. She also sells hair products including items for the treatment... More from Sarly's previous loan »

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.

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.

About Costa Rica

  • $11,100
    Average annual income
  • 27
    View loans »
    Costa Rica Loans Fundraising
  • $4,165,075
    Funds lent in using Kiva
  • 502.6
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Sarly to pay for a lawyer.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 9, 2012
Listed
Apr 18, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2013
This photo was used before for a previous loan for Sarly. It was first posted on Kiva on Sep, 2010. Learn More