Check out other loans that are currently fundraising!
Mateo
Mateo L. is a 49 year old man. He lives with his wife and their child in a community called Santa Fe. It is located in Los Chiles in the Alajuela province. This community stands out as being a mountainous area and for being very close to the northern border of our country. Its primary economical activities are livestock and farming. The specific agricultural activity is planting basic grains, sugarcane, and oranges.

Mateo has farmed all of his life. He primarily grows vegetables, which have always given good results. But, due to the lack of money to keep his farm in good shape, it has stopped producing good harvests.

That is why Mateo needs a loan for 605,000 colones to buy grass seed, fertilizer, herbicides, and all that is necessary to get the land in optimal condition to start producing like it used to and improve his vegetable sales.

Mateo is a member of the Manatial de Santa Fe Communal Bank, one of the 100 organizations that are part of EDESA in Costa Rica. This will be his first loan, and he plans to use it to grow more on a personal level and economically. He is very grateful for the access to the loan provided by this type of business.
View original language description ↓
Mateo L. mena es un señor de 49 años de edad el cual vive con su esposa y su hijo en una comunidad llamada Santa Fe localizada en Los Chiles, provincia de Alajuela; está 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, naranja.

Toda su vida Don Fernando se ha dedicado a la Agricultura, principalmente a la siembra de Hortalizas, lo cual siempre le ha dado buenos resultados. Pero debido a la falta de dinero para mantener en buen estado su finca esta ha dejado de producir buenas cosechas.

Es por eso que Don Mateo necesita un crédito de ¢605.000 (seiscientos cinco mil colones), para comprar semilla de pasto, abono, herbicidas y todo lo necesario para darle al terreno las condiciones optimas para que vuelva a producir igual que antes y así mejorar su venta de Hortalizas.


Don Mateo 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. El está muy agradecido por el acceso al crédito brindado por este tipo de empresas.

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
  • 37
    View loans »
    Costa Rica Loans Fundraising
  • $4,441,500
    Funds lent in using Kiva
  • 504.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Mateo grass seed and wire for a fence.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 5, 2010
Listed
Apr 25, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 19, 2013