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Ubaldo F. R. is a 44-year-old gentleman that lives with his wife and 4 children in a community called San Ramón de SantaTeresita de Turrialba, Province of Carttago. It is a small rural community. Its settlers are dedicated to the production of milk, agriculture especially of coffee and bananas and also the raising of hogs. It has an irregular terrain and a lot of the land is preserved as a humid tropical forest.

Don Ubaldo has been dedicated to the production of milk for approximately 3 years and at this time desires to obtain a micro-loan of 600,000 colones (six hundred thousand Costa Rican currency) to buy another dairy cow and thus to enlarge his production. He knows that to add one more cow is a greater sacrifice and will demand more work, but he says that, if he wants his family to get ahead and to offer them all that is needed, he has to be hard-working in producing more, since the production of milk is the thing that generates greater income for his family.

Don Ubaldo is an associate of the Association of Agricultural Producers of Ramón , one of the 100 associate organizations of EDESA in Costa Rica. This will be his second loan and with it he expects to continue growing on an economic and personal level, besides participating actively in the credit organization in his community.
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Ubaldo F. R. es un señor de 44 años de edad que vive con su esposa y sus 4 hijos en una comunidad llamada San Ramón de Santa Teresita de Turrialba, Provincia de Cartago. Es una pequeña comunidad rural. Sus pobladores se dedican a la producción de leche, la agricultura mayormente de café, plátano y también se da mucho la cría de cerdos. Tiene un relieve irregular y mucho del terreno se mantiene como bosque tropical húmedo.

Don Ubaldo se dedica a la producción de leche desde hace aproximadamente 3 años y en estos momentos desea obtener un microcrédito por ¢600.000(seiscientos mil colones) para comprar una vaca lechera más y así aumentar la producción. El sabe que contar con una vaca más es un mayor sacrificio y demandará más trabajo pero dice que si quiere sacar a su familia adelante y brindarles todo lo necesario tiene que esforzarse en producir más ya que la producción de leche es la que le genera mayores ingresos a su familia.

Don Ubaldo es socio de la Asociación de Productores Agrícolas Ramonenses, 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
  • 10
    View loans »
    Costa Rica Loans Fundraising
  • $4,111,850
    Funds lent in using Kiva
  • 555.8
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Ubaldo to buy another milk cow.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Jan 29, 2010
Jan 28, 2010
Currency Exchange Loss:
Sep 21, 2011