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Herminia

Update on Herminia

Herminia is a woman brought up in the country. Since childhood she helped her father with agriculture and livestock so she knows this work very well.

She lives with one of her children and household expenses depend on the sale of pigs. She has a pigpen, which needs physical improvements to the facilities and she needs to buy more pigs in order to continue her work and to obtain more piglets.
View original language description ↓
Herminia es una señora creada en el campo, desde niña ayudó a su padre en los oficios de agrícultura y ganadería por lo que conoce muy bien todas estas labores. Ella vive con uno de sus hijos y comprar su sustento depende de la venta de cerdos, ya que tiene una porqueriza, la cual necesita mejorar las instalaciones físicas y comprar más cerdos para continuar su proyecto y obtener más crías.

Previous Loan Details

Herminia is a very enterprising woman. She is very happy to be able to get a loan through companies of communal support, because she wants to repair her home while taking advantage of the summer season. She needs to repair the roof, the floor, the walls, and to paint, since all of these areas ... More from Herminia's previous loan »

Additional Information

More information about this loan

As a small and relatively young MFI located in Costa Rica, EDESA has difficulty attracting other sources of capital. Many other microfinance funders do not work in Costa Rica, because overall the country is too rich. However, organizations such as EDESA work with extremely marginalized populations in Costa Rica that really need the access to capital that EDESA provides. By funding EDESA, Kiva lenders are allowing the organization to grow and reach more people than they otherwise would be able to reach.

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

  • $11,100
    Average annual income
  • 14
    View loans »
    Costa Rica Loans Fundraising
  • $4,065,825
    Funds lent in using Kiva
  • 500.6
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $2,075 helped Herminia to buy materials in order to improve a pigpen for the pigs.
64% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 15, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
This photo was used before for a previous loan for Herminia. It was first posted on Kiva on Jan, 2013. Learn More