Update on LillianaLilliana is a 38-year-old married mother of two who lives with her husband and children. She is a hard worker with a vision for business. She has specialized her work by taking courses through the National Apprenticeship Institute. Lilliana makes a living cutting and sewing garments like pajamas, underwear, swimsuits and other items, and she also makes clothes to measure. She is known within Fundacion Mujer for her excellent morals and responsibility with her payments. At this time, this businesswoman needs a loan for her health. She needs to get dental treatment and doesn't have money available to pay for it due to the high cost. In this way, she will improve her quality of life.
Previous Loan DetailsDoña Lilliana is a 37-year-old woman. She is married and the mother of two children. She is humble and very hard-working. She has a track record with the Fundación, and is known for her excellent conduct in repaying her loans. She has taken several courses in cutting and tailoring at… More from Lilliana'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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This loan has been fully funded!