Update on KatherynKatheryn 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.
Previous Loan DetailsKatheryn 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… More from Katheryn's previous loan »
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.
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.
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