Katty says she wakes up every day aspiring to provide better services to her clients. She strives to always be improving her business processes. She says her main obstacle is access to working capital. This loan will help to solve that problem. The loan consultant that has been working with Katty describes her as a hardworking woman with an entrepreneurial spirit. In the past, Katty has been a responsible client with a history of punctual repayments. This will be her seventh loan with Fundación Mujer. Katty says her business is going well and she is having success in finding new clients.
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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.
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Success!! The loan was 100% repaid