Update on Daysi MaríaDaysi is a client with a great deal of history in the Fundación. She dedicates herself to various activities that have made her grow in her business and supersede personally. She counts with the support of her children in the different businesses. She has always shown us her responsible and timely nature at the time her loan payments were due.
Currently, she requests a loan to outfit a locale with the necessary equipment to provide public services collections. Things have gone very well for her with her previous loans, which is why she got the idea to continue growing to generate more income and get ahead.
Previous Loan DetailsDaysi O. is a single, 57-year-old woman who lives in the community of Olivia de Sixaola with her children and grandchildren. She has a long history with Fundación Mujer – she was a member of a women’s bank in the community, she became independent, and then began requesting individual loans. She… More from Daysi María'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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