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Cristoalina Bernard

Update on Cristoalina Bernard

Cristobalina is a 74-year-old widow who is humble and hard-working. She lives alone with a great-granddaughter who she sees as a daughter. Her husband passed away eight years ago. Since then, she saw the need to work from home to earn income to support herself. She started a grocery store and started raising animals. Currently, she needs a loan to invest in selling women's and men's clothing. She has a room in her house that she uses for sales. Her customers are her neighbors, family, and members of the congregation she attends. She has many customers because she doesn't have competition in her community, since it's rural. Her granddaughter helps her with domestic work and the business.

This is the third loan she is requesting and she wants to invest in buying a variety of clothes to offer to her customers. From her previous loans, she has been characterized as a good payer. Her goal is to succeed and grow. She needs to feel busy, which is why she does various productive activities that allow her to complete her goals.
View original language description ↓
Doña Cristobalina es una señora con 74 años de edad, viuda, humilde y muy trabajadora. Vive sola a la par de una nieta nieta la cual ve como una hija. Hace ocho años falleció su esposo. Desde ese momento vio la necesidad de trabajar en su casa para generar ingresos y poder mantenerse. Inició con una pulpería y con la cria de animales. Actualmente necesita un financiamiento para invertir en el comercio de ropa tanto de mujer como de hombre. Tiene en la sala de su casa la ropa que excibe para su venta, y sus clientes son vecinos, familiares y hermanos de la misma congregación a la que ella asiste. Tiene muchos clientes debido a que no cuenta con competencia en su comunidad, ya que es rural. Su nieta le ayuda en los oficios domésticos y en su negocio.
Éste es el tercer préstamo que solicita y lo va invertir en comprar más variedad de ropa para ofrecer a sus clientes. En sus créditos anteriores se ha caracterizado por la buena moral de pago. Su objetivo es superarse y crecer, necesita sentirse ocupada, por eso tiene varias actividades productivas, que le van a permitir cumplir sus objetivos.

Previous Loan Details

Cristobalina T. S. is 72 years old. She is a widow and a hard working humble woman. Her husband passed away five years ago and she lives with her granddaughter who she has raised like a daughter. Since her husband passed away she has seen the need to work as a small businesswoman out of her ho... More from Cristoalina Bernard'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
  • 3
    View loans »
    Costa Rica Loans Fundraising
  • $4,820,575
    Funds lent in using Kiva
  • 542.0
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Cristoalina Bernard to buy merchandise such as women's and men's clothing.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 16, 2014
Aug 17, 2014
Currency Exchange Loss:
Jan 29, 2016