Update on Yanice LorenaYanice Lorena is 38 years old and has two young children. In addition to managing her own business and taking care of her home, she has worked as a cook at the Environmental School in Horquetas, Costa Rica since 2010.
She started her business three years ago in order to build her savings and support her children in their studies. Currently she lives with her children and her husband. She started with the salary she was making as a cook at the school in Horquetas. Her previous loan helped her to develop and strengthen her business, which has been growing ever since. She repaid this loan punctually.
She is seeking this second loan so that she can diversify the products that she offers to her customers. This will enable her to meet her customer demand for new products, which will in turn help her to increase her income. She has placed an important order for dress shoes and sports shoes for men and women. She needs to pay the bill within 22 days in order to maintain her credit.
She also sells clothing and household products through catalogs. She divides her time in the mornings between getting her children ready for school and working in the school dining hall. In the afternoons, upon returning home, she sells products and collects payments from customers. On the weekends, she travels to San José, where she buys merchandise.
Her business has a growing base of customers -- to date she has approximately 50 regular clients. She sells her products at the school and in her community to neighbors and relatives. She intends to introduce the sale of shoes, but this requires capital; thus she is seeking this loan. She has customers that will buy these shoes, but her supplier has not given her credit on a long-term basis. This loan will enable her to grow and improve her product offerings.
Es una mujer de 38 años de edad, aparte del trabajo de comercio que realiza y la atención del hogar, ya que tiene 2 hijos menores de edad, es cocinera en el Liceo Ambientalista de Horquetas desde el 2010. Inició su negocio hace 3 años, para ahorrar y apoyar a sus hijos en el estudio. Actualmente vive con ellos y su esposo. En un préstamo anterior demostró puntualidad en los pagos y le sirvió además de apoyo para el desarrollo de su negocio, el cual se ha mantenido en crecimiento desde entonces.
Inicia con el salario que tiene como cocinera del colegio en Horquetas. Este es el segundo crédito que solicita, el anterior le permitió fortalecer su negocio y ahora requiere del mismo para diversificar su oferta de productos.
Ante la demanda de los clientes y la necesidad de ofrecer otros productos recurre a este préstamo para crecer y mejorar sus ingresos. Hay una importante demanda de zapatos, los cuales debe pagar en 22 días para mantener su crédito. Son zapatos de vestir y deportivos, para hombre y mujer, además vende ropa por catálogo y productos para el hogar. Dedica las mañanas a enviar sus hijos a la escuela y su trabajo en el comedor del colegio, por las tardes, de regreso a casa, vende sus productos y sale a cobrar, los fines de semana se desplaza a San José, donde compra la mercadería
El negocio cuenta con una clientela creciente, ella vende en el colegio y en su comunidad a vecinos y familiares, a la fecha son 50 personas aproximadamente. Desea introducir la venta de zapatos pero para esto requiere capital, por lo cual solicita el préstamo. Tiene la clientela para colocarlo, pero la empresa proveedora no le da crédito a largo plazo. Este le va a permitir crecer y mejorar la oferta de productos de su microempresa.
Previous Loan DetailsYanice is a 37 year old mother of four who lives with her family in Sarapiqui, located near the Caribbean coast of Costa Rica. Yanice works from Monday to Friday in a local highschool. She usually wakes up early to prepare food for her family, then leaves for work. Yanice also has a business m... More from Yanice Lorena'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.
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