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Jose
Jose Luis M. is 55 years old. He lives with his wife and two daughters in a community named San Ramón de Santa Teresita de Turrialba, in the Cartago province. It is a small rural community whose members work in milk production, agriculture (primarily coffee and bananas), and the raising of pigs. It has an irregular coast, and much of its terrain is a humid tropical forest.

Jose works in agriculture, specifically fruit and vegetable cultivation like plaintains, bananas and citrus. He says the market for these products is very good. Thanks to this project, he says his quality of life has improved considerably. He also says he has grown as a person and has acquired a lot of knowledge.

Currently, Jose wants a micro-loan of ¢605,000 (six hundred and five thousand colones) to increase his plantation with a hectare of plantains and maintain it. Additionally, he wants to buy fertilizers among other input costs. With this loan, Jose plans to have a good harvest with produce that will obtain a high sale price, so he can increase production.

Mr. Jose Luis is a member of the Association of Agricultural Producers of San Ramón, one of the 100 member organizations of EDESA in Costa Rica. This will be his third loan, and with it, he hopes to continue growing personally and economically and to participate actively in his community's loan organization.
View original language description ↓
Jose Luis M. es un señor de 55 años de edad que vive con su esposa y sus 2 hijas 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 principalmente 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 Jose se dedica a la agricultura, específicamente a la siembra de Hortalizas como Banano, plátano y cítricos. Dice que el mercado para este producto es muy bueno. Comenta que gracias a este proyecto sus condiciones de vida han mejorado considerablemente y dice además que ha crecido como persona y ha adquirido mucho conocimiento.
En estos momentos Don Jose desea obtener un microcrédito por ¢605,000 (seiscientos cinco mil colones), para agrandar su plantación con una hectárea de Platano, darle mantenimiento, además comprar fertilizantes entre otros insumos. Con esta inversión espera lograr una buena cosecha, con un producto de características apropiadas para conseguir un precio de venta alto poder incrementar la producción.

Don Jose Luis es socio de la Asociación de Productores Agrícolas Ramonenses, una de las 100 organizaciones socias de EDESA en Costa Rica. Este será su tercer 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
  • 16
    View loans »
    Costa Rica Loans Fundraising
  • $4,065,825
    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 Jose buying seeds and paying transport costs.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 3, 2010
Listed
Apr 25, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013