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Katty
Katty H. P. is a 40-year-old mother of four who lives with her husband and sons in Batón, Limón, located near the Caribbean coast of Costa Rica. Katty owns a pizzeria where she prepares and sells pizza as well as other fast food items. Katty´s pizzeria is located in a busy location, in the same building where she lives. Her family helps her to carry out the daily responsibilities of running the pizzeria. The majority of her regular clients work in the surrounding area. These include banana field labourers and telecommunications sector employees. Katty plans to open a second pizzeria in Jimenez; for this reason she needs to buy another oven. This loan will be used to finance the purchase of equipment necessary for the production of pizza and for general investment in her food sales business.

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.

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.

About Costa Rica

  • $12,900
    Average annual income
  • 26
    View loans »
    Costa Rica Loans Fundraising
  • $4,365,675
    Funds lent in using Kiva
  • 552.1
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Katty for the purchase of an oven and general business investment.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2010
Listed
May 22, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2011