Update on YorleniYorleni is a married 43 year old mother of three. She is hardworking and humble, and she has a great desire to better herself and help her family. She lives with her husband and three kids. This is the second time she has requested a loan from the foundation.
Yorleni has worked selling out of catalogs for three years. She saw the need to help her husband financially, so she started working with two catalog companies. She goes out to sell and collect money without neglecting her family. Her teenage daughter helps her with the housework, and her husband helps with delivering and charging for the goods. Her goal is to increase her sales in order to earn more of an income and be able to help her children with their education. She also wants to help her husband repair their house because it isn’t in the best condition right now due to the flooding that has happened in the past years. She says the loan will help her grow and better herself.
Previous Loan DetailsYorleni is a 41-year old woman, married, and has three children. She is humble, hard-working, and has a great desire to succeed both individually and as a family. She lives with her husband and three children. She knows Fundación through her mother-in-law who was a customer some years back. S... More from Yorleni'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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