Update on RosaThe client, Rosa, is 39 years old and single, and is the mother of two children. Currently she lives with a younger son and is the head of her household.
She has earned a living in sewing for several years because she has the knowledge needed to offer services to her community. She sews to order, mends a variety of garments, and makes clothing, curtains, and other items. She also has a contract to make curtains and covers for a banana company. She devotes a lot of time to her business without neglecting her family, and during the busy season she benefits other people by giving them work.
Rosa wants to improve herself and grow in her business, because she's looking for contracts with other companies to make uniforms. That way she'll improve living conditions for herself and her family.
Previous Loan DetailsRosa, 37, is the mother of two children and lives with her spouse in a common law relationship. Several years ago she saw the need of satisfying her community offering sewing services and thus improving herself too. She sews to order making various articles of clothing and also clothes, curta... More from Rosa'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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