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.
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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