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Felipa

Update on Felipa

Felipa is 45 years old, married and has 3 children. She lives with her husband and a daughter. She has a history with the Fundación and has always been punctual and responsible. She sold gold, perfumes and curtains in the street. About a year ago she lost a daughter and she suffered a bout of depression and quit her commercial activity.

Now she has two photocopy machines she inherited from the daughter who passed away. She wants to provide photocopy services and sell school supplies as she lives close to the local school. Her clients are neighbors, friends and teachers.

She arranges to see her remaining children and grandchild every day. She has her husband's help in making decisions and her daughter will watch the shop when she has to go out. She has had emotional difficulties but thanks to some psychological help she has been able to move forward and restart this activity to keep herself busy. She can also help a daughter and granddaughter thus improving her living conditions.
View original language description ↓
Doña Felipa es una clienta con 45 años de edad, casada y con tres hijos. Vive con su esposo y una hija. Humilde y muy trabajadora. Tiene trayectoria en la Fundación y siempre se ha caracterizado por su puntualidad y responsabilidad. Ella siempre se ha dedica al comercio ambulante de oro, perfumes finos y cortinas. Hace aproximadamente un año perdió a una hija, por lo que ella sufrió de mucha depresión y dejó su actividad principàl. Ahora cuenta con dos fotocopiadoras heredadas por su hija fallecida y ella quiere brindar los servicios de fotocopiado y venta de artículos escolares, debido a que vive cerca de la escuela de su comunidad. Sus clientes son vecinos, familiares y docentes. Ella se organiza cada día para ver a sus hijos y nieta que le quedó a ella, cuenta con el apoyo de su esposo en las decisiones a tomar y de una hija para ver el negocio cuando ella tenga que salir. Ha tenido dificultades emocionales pero gracias a la ayuda sicológica los ha podido superar y por eso quiere reiniciar la actividad para mantenerse ocupada y poder ayudar en los estudios de una hija y nieta, asi ir mejorando las condiciones de vida.

Previous Loan Details

Felipa, 43, is married and has three children. She lives with her husband and a daughter. She is humble and very hardworking. She has history with the Fundación and has always been noted for her punctuality and responsibility. She is an ambulatory gold, fine perfume and curtains merchant.... More from Felipa'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.

Tags

About Costa Rica

  • $11,100
    Average annual income
  • 12
    View loans »
    Costa Rica Loans Fundraising
  • $4,120,200
    Funds lent in using Kiva
  • 535.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,875 helped Felipa to buy bookstore supplies.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 21, 2014
Listed
Apr 3, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 19, 2015