Update on KarlaProfile: Karla, 600.000 CRC, Puntarenas.
Karla has three children; she is 37 years old and lives in Puntarenas, Central-Pacific region of Costa Rica. She finished high school in a technical school and has worked in several companies for the accounting department. However, economic problems and the fact that she had three small children, made her quit. Karla and her husband decided that she would stay at home, since he works as a coastguard and is away two weeks every month.
Two years ago, she made a decision, given her economic situation, to invest some capital in a micro-business that is still afloat today. She invested half the money in renting the house and she bought imitation jewelry that she sells in her neighborhood and in different local companies. With the profit she makes, she buys more merchandise.
Karla wants to expand her business and this is why she went to the Office for Women of Puntarena, where they gave her information about Fundación Mujer [Foundation Woman]. She wants to increase her capital and buy other types of products to offer her customers and increase her income for supporting her family.
She receives 60.000 CRC of child maintenance for her oldest son and the other two are provided for by her current husband. She wants to expand her business knowing that she is well-known in the region. However, she does not make enough money to buy other products that are more valuable, like clothes and trendy purses for women.
She is an enterprising woman, used to working and developing her skills. They have improved their quality of life and they bought their own house through a social welfare housing program. Her biggest dream is to have her own establishment, but she takes one step at a time. She needs a small capital in order to diversify her stock and be able to expand her business, which is small but well-known.
Karla could invest in more merchandise thanks to a loan from KIVA and Fundación Mujer that she got this year. However, she broke both arms trying to protect her three-year-old child from getting hurt, and could not continue to develop her business. Nevertheless, she continued to pay the debt she had and now that she is back on her feet she is looking again for support in order to continue with her business.
C 600.000, Puntarenas.
Es madre de 3 hijos, tiene 37 años vive en la zona de Puntarenas, en él Pacífico Central de Costa Rica; obtuvo el bachillerato en un colegio técnico, ha trabajado en varias empresas en el área contable pero la necesidad económica y el tener hijos pequeños no le permitieron seguir de esta forma; ella junto a su esposo decidieron que estuviera en la casa ya que él trabaja como guardacostas y se ausenta 2 semanas al mes. Con decisión y ante la necesidad económica decide arriesgar un capital hace 2 años con el que inició, manteniendo hasta la fecha un micro negocio. Invirtió la mitad del dinero del alquiler de la casa, comprando bisutería y comenzó a venderla en su barrio y en las instituciones de la zona, recuperando el dinero y obteniendo una ganancia con la cual ha seguido comprando mercadería. Buscando la posibilidad de crecer se acerca a la Oficina de la Mujer de Puntarenas donde le brindan información de Fundación Mujer. Desea incrementar su capital y así comprar otros productos para ofrecer a sus clientes y mejorar los ingresos para el apoyo a su hogar.
. Ella tiene una pensión de 60000 colones por su hijo mayor y los otros dos son apoyados por su actual esposo. Ella busca el crecimiento de su empresa ya que se ha consolidado en su zona pero no le alcanza lo ganado para comprar otros productos de mayor valor como ropa y bolsos de moda, para damas.
Emprendedora acostumbrada a trabajar y desarrollar sus capacidades laborales de la mejor forma, han ido mejorando su calidad de vida, ya que adquirió una casa propia de bienestar social. Su mayor deseo es tener su propio bazar pero va avanzando poco a poco, si requiere de un capital para diversificar su mercadería y poder crecer con su negocio, el cual es pequeño pero consolidado.
Este año con un préstamo inicial por parte de KIVA y Fundación Mujer pudo invertir más y variada mercadería, pero debido a un accidente por evitar que su hijo de 3 años sufriera daño se fractura ambas manos impidiendo seguir desarrollando su negocio. Ante esta situación siguió haciendo frente a la deuda y ahora ya recuperada solicita de nuevo el apoyo para reactivar su negocio, una vez superadas las secuelas del accidente.
Previous Loan DetailsProfile: Karla 300,000 CRC [$625] Puntarenas Karla is thirty-seven years old, the mother of three children, and lives in Puntarenas, on the Central Pacific Coast of Costa Rica. She earned a diploma at a technical school and she has worked in accounting for several businesses, but her financial… More from Karla'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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Success!! The loan was 100% repaid
- Repayment Term
- 20 months (Additional Information)
- Repayment Schedule
- Dec 3, 2012
- Dec 4, 2012
- Currency Exchange Loss:
- Mar 17, 2014
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.