Update on VildaVilda
Vilda is an enterprising and hardworking Nicaraguan mother. She is 41 years old and lives with her husband. She has been living in Costa Rica for more than 10 years. With her primary education scarcely incomplete, she has worked for the past ten years with Sonia, a client of Funcación Mujer, with an excellent trajectory. They work selling shoes, perfumes, and clothing that they get from their home country at very good prices in order to sell them in Costa Rica. Three years ago, her migrant status didn't permit her access to a loan, but a friend of hers did her a favor and she was able to get the capital, which she paid back without any mishaps.
She is the mother of three children and has one granddaughter. She lives in the San Rafael de Alajuela region, in the Valle Central of Costa Rica. Her husband works for a rice-grower in the area and together they have gotten their family ahead and wish to prosper and improve their financial situation.
With this loan, the borrower will travel to Nicaragua to buy merchandise for Mother's Day and Father's Day which are soon to be celebrated in Costa Rica. Both are dates that generate a lot of business activity, so it's important to prepare herself in time to be able to cover the orders from her customers. She helps her daughter with her studies and wishes to provide a better educational future for her children.
The impact of this loan is of the utmost importance, since this is the opportunity to buy merchandise and support her family, which has scant resources. Her payment morals are demonstrably excellent, and the recommendations she provides show her to be an honored and hardworking person.
Vilda, es una emprendedora y trabajadora madre Nicaragüense, tiene 41 años, vive actualmente con su esposo. Radica en Costa Rica desde hace más de 10 años, apenas con su primaria incompleta ha trabajado desde hace diez años con una clienta de Fundación Mujer, Sonia, de excelente trayectoria. Se dedican a la venta de zapatos, perfumes y ropa que consiguen en su país natal a muy buenos precios, para comercializar en Costa Rica. Hace 3 años, su situación migratoria no le permitía acezar a un crédito, pero una amiga suya le hizo el favor y pudo conseguir un capital, que pago sin ningún contratiempo.
Es madre de 3 hijos y tiene una nieta, vive en la zona de San Rafael de Alajuela, en el Valle Central de Costa Rica, su esposo trabaja en una arrocera de la zona y ambos han sacado adelante el núcleo familiar y desean prosperar y mejorar su situación económica.
Con este préstamo, la solicitante va a viajar a Nicaragua a comprar mercadería para las fechas del día del padre y la madre, próximas a celebrarse en Costa Rica, ambas son fechas de gran movimiento comercial por lo que es importante prepararse con tiempo para poder cubrir los pedidos de sus clientes. Ella ayuda a su hija en el estudio y desea brindarles un mejor futuro educativo a sus hijos.
El impacto del crédito es de suma importancia, ya que les da la oportunidad de comprar mercadería y apoyar a su familia que es de escasos recursos, su moral de pago se demuestra excelente, y las recomendaciones que presenta la demuestran como una persona horada y trabajadora.
Previous Loan DetailsVilda, age 41, is an enterprising and hardworking mother from Nicaragua. She currently lives with her husband. Vilda moved to Costa Rica more than 10 years ago. Even though she did not finish her elementary school education, Vilda has worked with another client of Fundación Mujer named Sonia a... More from Vilda'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.
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.
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
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- Repayment Term
- 26 months (Additional Information)
- Repayment Schedule
- May 24, 2012
- Jun 3, 2012
- Currency Exchange Loss:
- Jul 3, 2012
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.