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Virginia

Update on Virginia

Virginia, 43, is a client who lives in a common-law marriage and has two children. She's a modest and hardworking woman who's devoted to her family.

She found out about the services of Fundación Mujer through another client, and she liked the idea. She began to generate her own income selling chicken, soda, and sweets. Now she has a grocery store.

She managed to achieve her goal with her first loan from Fundación Mujer. This is why she's requesting her second loan from Fundación Mujer to strengthen her business.

She has the support of her family and challenges herself to grow more every day both personally and in her business.
View original language description ↓
Doña Virginia es una clienta que tiene 43 años de edad, vive en unión libre y tiene dos hijos. Es una señora humilde, trabajadora y dedicada a su familia. Se enteró de los servicios que ofrece Fundación Mujer por medio de otra clienta y le pareció la idea. Ella comenzó a generar ingresos propios con la venta de pollo, refrescos gaseosos y golosinas. Ahora cuenta con una pulpería, logró cunplir su meta con el primer financiamiento que le otorgó FundaciÓn Mujer. Por ésta razón solicita su segundo préstamo a la Fundación, para reforzar su negocio. Cuenta con el apoyo de su familia y se propone cada día crecer más tanto a nivel personal como de negocio.

Previous Loan Details

Virginia is a 41 year old client. She is in a common-law marriage, and she has two children. She is a humble and hard-working woman who is dedicated to her family. She found out about the services that Fundación Mujer offers from another client. It seemed like a good idea to her. By sellin... More from Virginia's previous loan »

Additional Information

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.

About Costa Rica

  • $11,100
    Average annual income
  • 17
    View loans »
    Costa Rica Loans Fundraising
  • $4,065,825
    Funds lent in using Kiva
  • 502.2
    Costa Rica Colones (CRC) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,400 helped Virginia to buy merchandise for her grocery store.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 6, 2013
Listed
May 22, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 29, 2015