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Emélido
Emélido O. Espinoza is 70 years old and lives with his wife and nephew in a small rural community in the Alajuela province of Costa Rica called Las Delicias de Upala. They raise cattle for their meat and milk and plant basic crops such as rice, bean, and corn, among others.

Emélido has been raising cattle for many years. He sells his products to nearby communities and his customers are very satisfied with the quality of products he sells. If fact, the demand for his products outweighs the supply he is able to provide. Don Emélido is thankful to the for the opportunities the microfinance organization has given him. Little by little his family has been able to improve their quality of life. They have been able to play an integral part in the development of the community, which has gone through frequent periods of inclemency and unemployment.

Don Emélido would like to obtain a loan for ¢685,000 (six hundred eighty-five thousand colones) so that he can purchase three cows to increase his production. He knows that raising three extra cattle will require a lot of sacrifices and extra work. However, his goal is to be an outstanding small business owner and he is motivated to get ahead and improve his family's quality of life.

Don Emélido is a member of the Empresa de Crédito Comunal Datraban, one of 100 organizations which make up EDESA in Costa Rica. This will be his second loan and with the loan he hopes to continue to grow on a personal and economic level and to become more active in the credit organization in his community.
View original language description ↓
Emélido O. Espinoza es un señor de 70 años de edad, quien vive con su esposa y su sobrino, 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.

Desde hace ya varios años don Emélido se dedica a la ganadería de doble propósito. Logra vender sus productos a los vecinos de su comunidad quienes se muestran muy satisfechos con la calidad de los productos que ofrece. En su caso en particular, la demanda es mayor de lo que puede ofrecer actualmente.
Don Emélido considera que gracias al progreso de este proyecto, él y su familia han mejorado poco a poco sus condiciones de vida y ha logrado ser actores en el desarrollo de la comunidad, la cual se ve frecuentemente azotada por las inclemencias del tiempo y el desempleo.

Actualmente don Emélido desea obtener un microcrédito por ¢685,000 (seiscientos ochenta y cinco mil colones), para comprar tres vacas y así poder incrementar la producción. El sabe que contar con mayor número de vacas más es un mayor sacrificio y demandará más trabajo. Sin embargo, el deseo de ser un microempresario exitoso y sacar adelante a su familia mejorando las condiciones de vida, lo motiva a esforzarse con gran esmero.

Don Emélido 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 además de participar activamente en la organización de crédito en su comunidad.





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
  • 0
    View loans »
    Costa Rica Loans Fundraising
  • $4,022,575
    Funds lent in using Kiva
  • 585.6
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Emélido to purchase three cows.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Aug 24, 2009
Listed
Aug 16, 2009
Currency Exchange Loss:
Possible
Ended:
Jul 16, 2010