María De Los Angeles
Update on María De Los AngelesMaría has devoted herself to sewing and commerce for 26 years. This shows her perseverance and effort in the development of her business activity. A year ago they found a health problem that was contained. It was found in time, and it was possible to start treatment. She met other women undergoing the same process. They told her about the technique of quilting . She started to attended courses where she learned how to correctly make bags, quilts, and cosmetic bags. In these past months she has managed to sell them to her friends who take them as far as Mexico and France.
She is a tenacious woman, and she is very methodical in managing her accounts and with her merchandise. She wishes to have this loan in order to be comfortable when sewing her products, building her seamstress shop in the garage at her house.
She started this commercial activity thanks to her own capital. She advanced with her sewing thanks to the loans provided by the Fundación Mujer. She bought more sewing machines, which facilitated the work. This has allowed her to start making and selling pajamas, sheets, quilts, bags, and cosmetic bags.
María has managed to overcome this stage, and she is working with quilting as a type of therapy. This has gone very well for her.
Her son, her husband, and her business activity help with the household income. This has allowed her to improve her working conditions without having to use space in the house. She chose the Fundación Mujer because she has been requesting loans from this institution for years. She does so because of the easy terms and the low interest rate.
Previous Loan DetailsMaría de los Ángeles M. S. is 55 years old and lives with her husband and two children. Owing to her financial situation, María couldn't go to university. She is a very hard-working and responsible person who took the decision to become a saleswoman since her husband lost his job and she had to... More from María De Los Angeles'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!