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Update on Cinthya

Cinthya is still selling her home-baked bread and pastries. She wants to strengthen her food-selling business with this loan. She always does the household chores and three times a week she makes bread, pastries, and at night she makes fast foods. With her previous loan she bought equipment and stocked up on raw materials. With this new loan she will stock up on raw materials and food preparation products.

She has future plans to set up shop in the urban center of Turrialba with a bigger food business and to create jobs. With her earnings she will be able to build her own home and pay for her children's education. She dreams of seeing her children become professionals so they will have a better life.

She managed her previous loan well considering her limitations and the circumstances in which she works. Her business has increased since her previous loan.
View original language description ↓
Cinthya continúa con su venta de pan casero y bocadillos, quiere fortalecer con este crédito la venta de comidas .Siempre realiza las tareas de su hogar , tres veces a la semana produce pan , bocadillos y en las noches las comidad rápidas. Con el crédito anterior compró equipo y reforzó materia prima. Con este nuevo crédito reforzará materia prima y productos para la producción de comida.
Tiene como planes a futuro poder instalarse en el centro urbano de Turrialba, con un negocio más grande de comidas , generar empleo.Con las utilidades poder construir su casa propia y apoyar el estudio de sus hijos, ella sueña con ver a sus hijos profesionales, para que puedan vivir mejor.
Logra hacer una buena gestión del crédito anterior dentro de sus posibilidades y considerando las características del contexto en el cual se desarrolla su actividad, marca un crecimiento en sus activos con respecto al crédito anterior.

Previous Loan Details

Cinthya lives with her husband and two children. The oldest is in elementary school and the youngest is four years old. They live in Turrialba, in the community of Colorado, which lacks wage-earning jobs, so the majority of the residents are independent workers. Upon not having anyone to car... More from Cinthya'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.

About Fundacion Mujer:

Fundación Mujer is an organization specializing in the financial and personal development of female entrepreneurs in Costa Rica. They seek to reach underserved populations that may include indigenous communities, immigrants, refugees, victims of domestic violence or women living with HIV/AIDS. Fundación Mujer offers courses in both business and personal development, as well as training in concrete skills such as sewing and other crafts.

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

  • $12,900
    Average annual income
  • 1
    View loans »
    Costa Rica Loans Fundraising
  • $4,804,475
    Funds lent in using Kiva
  • 503.5
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Cinthya to buy a mixer, ingredients, flour, butter, fillings, and products such as sauces, mayonnaise, meat, and chicken.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jun 6, 2013
Jun 15, 2013
Currency Exchange Loss:
Mar 12, 2015
This photo was used before for a previous loan for Cinthya. It was first posted on Kiva on Feb, 2012. Learn More