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Rita

Update on Rita

The client did a good job and complied with the payment schedule. She has an excellent credit history with the foundation and has managed her payments and loans well. She says she has become a better person through her business and has been able to achieve her goals and help pay her children's education expenses. She has applied for a new loan to cover her dental treatment and medical checkups.
View original language description ↓
La clienta tuvo un buen desempeño, cumplió con el plan de pagos establecidos, tiene una gran trayectoria crediticia en la fundación, por su excelente moral de pago y buena gestión y manejo de los créditos recibidos.
Ella manifiesta que con su negocio, ha logrado ser una mejor persona, ha podido cumplir sus metas propuestas. Y apoya el estudio de sus hijos.
Nuevamente ella solicita el crédito para cubrir gastos de su tratamiento odontológico y chequeos médicos.

Previous Loan Details

Rita, 47, is a small businesswoman. She lives with her husband and three children. For 15 years she has worked in a garment factory, and in recent years she has started producing clothing herself - baby clothes and women's clothes - as well as selling catalog products. It's very important to her… More from Rita'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
  • 6
    View loans »
    Costa Rica Loans Fundraising
  • $3,979,500
    Funds lent in using Kiva
  • 504.0
    Costa Rica Colones (CRC) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,000 helped Rita to do an upper abdomen ultrasound and gastroscopy and to buy medications.
87% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2013
Listed
Aug 30, 2013
Currency Exchange Loss:
Possible
This photo was used before for a previous loan for Rita. It was first posted on Kiva on Dec, 2011. Learn More