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Katheryn

Update on Katheryn

Katheryn is a young woman who is 26 years of age. She is single and the mother of a three-year-old daughter. Katheryn lives with her parents. In addition to being a single mother, Katheryn is a woman who is hardworking, has an entrepreneurial vision, and possesses the drive to succeed. She is also studying to improve herself so that she and her family can have a better future.

Katheryn has managed her business for several years since she does not receive support from the father of her daughter. She sells Amway products and clothing through catalogs, and is doing very well as a result of the good service and convenience she provides to her customers.

Now she wants to invest mostly in undergarments and plus-size women's jeans since there is a good market for these items. In the end, Katheryn hopes to generate more income so that she can get ahead and continue with her university studies.
View original language description ↓
Katheryn es una joven con 26 años de edad, soltera y madre de una niña de tres años. Vive con sus padres. Es madre soltera, una mujer con muchos deseos de superación, trabajadora y con visión empresarial. Estudia porque quiere superarse para tener un futuro mejor ella y su familia. Desde hace varios años se dedica a su actividad debido a que no cuenta con el apoyo del padre de su hija. Se dedica a las ventas por catálogo de productos amway y también ropa, le va muy bien, gracias al buen trato y comodidad que le brinda a sus clientes. Ahora quiere invertir en su mayoría en la ropa interior y pantalones largos de mezclilla para dama, debido a que tiene buen mercado para su venta. Ésto con el fin de generar más ingresos para poder salir adelante y asi ayudarse en sus estudios universitarios.

Previous Loan Details

Katheryn is a young woman of 24 and a single mother of a 2-year-old daughter, and lives with her parents. She's a hard-working entrepreneurial-minded woman with many hopes for improving her life. She's completing coursework in her fifth year of high school equivalency. She has been making catalog... More from Katheryn'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
  • 37
    View loans »
    Costa Rica Loans Fundraising
  • $4,441,500
    Funds lent in using Kiva
  • 509.4
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,975 helped Katheryn to buy undergarments and women's jeans to sell.
70% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 7, 2014
Listed
Feb 11, 2014
Currency Exchange Loss:
Possible