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Carmen
Carmen F. R. is 52 years old. She lives with her husband and their son in a community called El Sauce in Santa Teresita de Turrialba, Province of Cartago. This is a small rural community with around two thousand people. They are work producing milk and growing coffee. It has an irregular terrain and a lot of it is maintained as humid tropical forest. The community has traditional landscapes that mix with the tropical forest, with two nice lagoons, coffee plantations and milk factories. El Sauce is located about an hour and a half from Turrialba, the closest commercial center. However, several times a year, the road is closed due to the heavy rain in the area. This is without a doubt one of the main challenges of the community.
When there was nothing to do in town, a lot of people decided to go to Turrialba for work or to banana farms in the Atlantic coast in Costa Rica. Right now, coffee and milk prices have improves, so the neighbors are looking for ways to invest their money in the area and avoid migrations.
Due to this situation, two years ago, a cheese manufacturing company was installed in her community for the El Sauce’s Milk Producer’s Association. This motivated her to begin producing milk to resell it to the plant.
This time, Carmen would like to get a ¢500.00 loan (five hundred colones) to purchase a milking cow and start her own business. She wants to be a successful entrepreneur to help her family. This motivates her to make sacrifices and work hard.

Carmen is a member of the El Sauce Farmers Association, one of the 100 member organizations of EDESA in Costa Rica. This will be his ninth loan. She hopes to continue growing at a personal level and financial level. She also believes it’s important to mention that thanks to these type of organizations she is able to devote more time to productive activities.
View original language description ↓
Carmen F. R. es una señora de 52 años de edad, la cual vive con su esposo y su hijo en una comunidad llamada El Sauce de Santa Teresita de Turrialba, Provincia de Cartago. Es una pequeña comunidad rural de aproximadamente dos mil habitantes. Sus pobladores se dedican a la producción de leche y siembra de café. Tiene un relieve irregular y mucho del terreno se mantiene como bosque tropical húmedo. La comunidad tiene paisajes muy pintorescos que combinan el bosque tropical con dos lindas lagunas, plantaciones de café y lecherías. El Sauce se localiza aproximadamente a hora y media en bus de Turrialba, el centro de comercio más cercano. Sin embargo, varias veces al año el camino se vuelve intransitable por las lluvias que azotan la zona. Este es sin duda uno de los principales desafíos para la comunidad.

Cuando no existían actividades muchas personas optaron por salir a buscar trabajos en Turrialba o en fincas bananeras ubicadas en la Zona Atlántica de Costa Rica. Actualmente los precios del café y la leche han mejorado, por lo tanto los vecinos buscan cómo invertir en proyectos en la misma zona y de esta forma evitar migrar.

Como parte de las respuestas a esa situación, desde hace dos años se instaló en la comunidad una planta de elaboración de quesos, propiedad de la Asociación de Productores de Leche de El Sauce, hecho que motivó a doña Carmen a iniciar en la producción de leche para luego venderla a esta planta.

Doña Carmen desea obtener un micro crédito de ¢500,000 (quinientos mil colones) para comprar una vaca lechera y poder iniciar con su negocio ya que quiere ser una microempresaria exitosa y así poder ayudar a sacar a su familia adelante esto es una de las cosas que la motiva a esforzarse y trabajar con mucho esmero.

Doña Carmen es socia de la Asociación de Productores de El Sauce, una de las 100 organizaciones socias de EDESA en Costa Rica. Este será su primer 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
  • 7
    View loans »
    Costa Rica Loans Fundraising
  • $3,979,500
    Funds lent in using Kiva
  • 562.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Carmen purchase a milking cow.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 15, 2010
Listed
Dec 20, 2009
Currency Exchange Loss:
Possible
Ended:
Feb 22, 2013