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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 piƱatas 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 Costa Rica

  • $11,100
    Average annual income
  • 11
    View loans »
    Costa Rica Loans Fundraising
  • $4,106,550
    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