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Gustavo
Mr. Gustavo V. M. is 45 years old and lives with his mother in a small rural community of Costa Rica called Las Delicias de Upala, located in the Alajuela Province. Businesses here include double-branched produce (meat and milk) and growing various basic grains such as rice, beans, and corn among others. As there is high unemployment, Gustavo wishes to begin a small agricultural business specializing in growing rice to sell in the community. According to Gustavo, there is an excellent market to sell to middlemen or directly to the public.

Gustavo has worked growing rice since he was very young so he has experience caring and maintaining this type of harvest. He has land in which he as grown rice before with good results, which is why he wants to grow more. Thanks to this type of business he has considerably improved his family's quality of life. Gustavo is now requesting a micro loan of 300,000 colones to prepare the land, and buy seed, fertilizer and other supplies necessary to guarantee an optimal rice harvest.

Gustavo is a member of the Empresa de Crédito Comunal Datraban (The Datraban Business Credit Collective), one of 100 organizations belonging to EDESA in Costa Rica. This will be his first loan and with it he hopes to grow personally and economically. He notes that thanks to this type of organization and other loan facilitating means he has been able to spend more time on productive activities.
View original language description ↓
Don Gustavo V. M. es un señor de 45 años de edad que vive con su madre , 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 Gustavo quiere incursionar como microempresario en el área de la agricultura especializándose en la siembra de arroz 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.

Desde muy joven don Gustavo se ha dedicado a la siembra de arroz, por lo tanto, dice que tiene bastante experiencia en el cuidado y mantenimiento de esta clase de cultivo tiene un terreno en el cual ha sembrado arroz 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 considerablemente
Lo que en estos momentos solicita don Gustavo es un micro crédito de ¢300,000 (trescientos mil colones), para ayudarse con la preparación del terreno, compra de semillas, fertilizantes, entre otros insumos que sean necesarios para garantizar la siembra óptima del arroz y lograr una buena cosecha.

Don Gustavo es socio de la Empresa de Crédito Comunal Datraban, una de las 100 organizaciones socias de EDESA en Costa Rica. Este será su primer préstamo y con él espera crecer 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
  • 43
    View loans »
    Costa Rica Loans Fundraising
  • $4,191,025
    Funds lent in using Kiva
  • 578.2
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Gustavo to buy supplies for rice production.
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