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Hannia Mayela
Hannia is a 39-year-old mother of two who lives with her family in Desamparados, located in the Central Valley of Costa Rica. Hannia has a business producing and selling decorations for parties and special events. She makes piñatas and other types of festive pieces. She has applied for the current loan in order to purchase materials necessary for the creation of her various decorations. Hannia is currently behind on her orders and is seeking working capital in order to satisfy the demands of her clients.

Hannia wakes up early every day and prepares breakfast for her family. Sometime between breakfast and lunch, she spends time creating her decorations; however, the majority of her production takes place during the afternoon and at night. Hannia dedicates one day per week to collect orders. Hannia's long-term goal is to expand her business, increase revenue and improve living conditions in her home.

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
  • 24
    View loans »
    Costa Rica Loans Fundraising
  • $4,367,000
    Funds lent in using Kiva
  • 499.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Hannia Mayela to purchase materials needed for the production of decorations.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 22, 2010
Listed
Sep 25, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 16, 2012