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Esteban
Esteban T. G. is a young man of 31 years old who lives with his wife and their three kids in a community called Santa Fe located in Los Chiles, in the province of Alajuela. This community is notably a mountainous area and is close to the northern border of our country. Its principal economic activities are cattle-raising and agriculture, specifically growing basic grain staples, sugar cane and oranges.

For a number of years, Don Esteban has worked with cattle, in particular the production of milk and other dairy products. He sells his products to his neighbors in the community who are very satisfied with the quality of the products he offers.

Right now, Don Esteban would like a loan of ¢685.000 (six hundred and eighty-five thousand colones) to buy three additional cows and increase his production. He knows that having more cows will require more work and require a bigger sacrifice. Without a doubt, his desire to be a successful micro-entrepeneur and to help his family get ahead motivate him to work even harder.

Don Esteban is a member of the Santa Fe Empresa de Crédito Comunal Manantial (Manantial Community Credit Company), one of the 100 partner organizations of EDESA in Costa Rica. This will be his first loan and with the loan he hopes to improve his personal and economic situation. Also, it is clear that due to this type of organization and the convenient access to credit, he can spend more time on productive activities.
View original language description ↓
Esteban T. G. es un joven señor de 31 años de edad el cual vive con su esposa y sus tres hijos en una comunidad llamada Santa Fe localizada en Los Chiles, provincia de Alajuela; ésta comunidad se destaca por ser una zona montañosa y por estar muy cerca de la frontera norte de nuestro país. Sus principales actividades económicas son la ganadería y la agricultura específicamente se da la siembra de granos básicos, caña de azúcar y naranja.

Desde hace ya varios años don Esteban se dedica a la ganadería especialmente a la producción de leche y sus derivados. Logra vender sus productos a los vecinos de su comunidad quienes se muestran muy satisfechos con la calidad de los productos que ofrece.

Don Esteban considera que gracias al progreso de este proyecto, él y su familia han mejorado poco a poco sus condiciones de vida y han logrado ser actores en el desarrollo de la comunidad.

Actualmente don Esteban desea obtener un microcrédito por ¢685.000 (seiscientos ochenta y cinco mil colones), para comprar 3 vacas más y así poder incrementar la producción. El sabe que contar con un 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 Esteban es socio de la Empresa de Crédito Comunal Manantial de Santa Fe, una de las 100 organizaciones socias de EDESA en Costa Rica. Este será su primer préstamo y con él espera crecer más 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

  • $12,900
    Average annual income
  • 23
    View loans »
    Costa Rica Loans Fundraising
  • $4,356,875
    Funds lent in using Kiva
  • 581.4
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Esteban purchase of three milk cows.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Oct 16, 2009
Listed
Oct 14, 2009
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012