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Emilio
Emilio B. F. is 47 years old. He lives with his wife and their three children who are between 5 and 15 years old. They live in a small, rural community in Costa Rica named Las Delicias de Upala, located in the Alajuela province. There they develop activities such as trade, dual-purpose livestock breeding (meat and milk), and farming basic grains: rice, beans, maize, among others.

Due to the few sources of employment offered in the community, Emilio is focused on venturing out as a small business entrepreneur in the agricultural area, specializing in the cultivation of spicy chillies to sell as much in his own community as in neighboring places. According to his criteria, there is an excellent market to sell as an intermediary or to the public directly.

Emilio already has the kind of experience in taking care of and maintaining that is required for this type of crop since he has farmed chile previously. It has provided good results at distribution. As a result, he wishes to expand his farm since, thanks to this business, his family's quality of life has improved.

At this time, Emilio is requesting a loan of 300,000 colones in order to help with the soil preparation and to purchase chile plants and fertilizers, among other inputs that are necessary to guarantee an optimal crop of chile.

Emilio is a member of the Empresa de Credito Comunal Datraban, one of the 100 member organizations of EDESA in Costa Rica. This will be his second loan and, with it, he hopes to continue growing at a personal and economic level. In addition, he points out that thanks to this type of organization and through facilitators of credit, he is able to dedicate more time to productive activities.
View original language description ↓
Emilio B. F. es un señor de 47 años de edad, quien vive con su esposa y con sus 3 hijos que van desde los 5 a los 15 años. Ellos viven en una pequeña comunidad rural de Costa Rica llamada Las Delicias de Upala, localizada en la Provincia de Alajuela. Ahí se desarrollan actividades como el comercio, ganadería de doble propósito (carne y leche), siembra de granos básicos: arroz, frijoles, maíz entre otros.

Debido a las pocas fuentes de empleo que ofrece la comunidad, don Emilio se propuso incursionar como microempresario en el área de la agricultura especializándose en el cultivo de chile picante para vender tanto en su comunidad como en lugares vecinos, que según su criterio, hay un excelente mercado ya sea por medio de venta a intermediarios o al público directamente.
Don Emilio ya tiene experiencia en el cuidado y el mantenimiento que se requiere para esta clase de cultivo, ya que ha sembrado chile anteriormente y le ha dado muy buenos resultados a la hora de distribuirlo por lo cual desea expandir su plantación, ya que gracias a este negocio la calidad de vida de su familia ha mejorado.

Lo que en estos momentos solicita don Emilio es un micro crédito de ¢300,000 (trescientos mil colones), para ayudarse con la preparación del suelo, compra de plantas de chile, fertilizantes, abonos entre otros insumos que sean necesarios para garantizar la siembra óptima del chile.
Don Emilio es socio de la Empresa de Crédito Comunal Datraban, una de las 100 organizaciones socias de EDESA en Costa Rica. Este será su segundo préstamo y con él espera continuar creciendo a nivel personal y económico. También destaca que gracias a este tipo de organizaciones y medios facilitadores de crédito puede dedicar más tiempo a las actividades productivas.

Additional Information

More information about this loan

As a small and relatively young MFI located in Costa Rica, EDESA has difficulty attracting other sources of capital. Many other microfinance funders do not work in Costa Rica, because overall the country is too rich. However, organizations such as EDESA work with extremely marginalized populations in Costa Rica that really need the access to capital that EDESA provides. By funding EDESA, Kiva lenders are allowing the organization to grow and reach more people than they otherwise would be able to reach.

About Costa Rica

  • $11,100
    Average annual income
  • 16
    View loans »
    Costa Rica Loans Fundraising
  • $4,065,825
    Funds lent in using Kiva
  • 578.2
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Emilio purchase spicy chile plants and farming needs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Jun 26, 2009
Listed
Jun 7, 2009
Currency Exchange Loss:
Covered
Ended:
Jul 16, 2010