Check out some available loans that are similar to this one!
Maria
Maria M. Cruz is 51, and lives with her husband and their two children in a community called Hernández, located in Los Chiles, Alajuela province. This community is known as a mountainous one with great scenery, humidity, and is on the road on the northern border of our country. Its main economic activities are cattle, and agriculture, specifically growing basic grains, tubers and oranges.

Maria started her business a little more than two years ago. She has a bakery, and says that her products are very popular in her community since they are very good and of high quality. Besides, she says that she is very happy to be able to have her own business in her house so that she can take care of her children and not have to leave the household chores. Thanks to this project her living conditions and those of her family have improved considerably and she says that she has grown as a person and gained much knowledge.

Currently Maria del Carmen wants to have a micro loan of 654,000c (six hundred and fifty-four thousand colones) to buy another industrial oven, an industrial mixer and different materials necessary to make her products. With this money she hopes to increase her production to attract more customers, offer better service, and thus have her business grow more and be able to become a successful micro entreprenuer.

Maria is a member of the Communal Credit organization “Unidos por un Desarrolo” (United for Development), one of the 100 organizations that are members of EDESA in Costa Rica. This is her first loan, and she hopes to improve her business to have higher earnings and thus give her children a better style of life.
View original language description ↓
Maria M. Cruz es una señora de 51 años de edad la cual vive con su esposo y sus 2 hijos en una comunidad llamada Hernández localizada en Los Chiles, provincia de Alajuela; está comunidad se destaca por ser una zona montañosa con grandes paisajes, presenta una gran humedad y además se encuentra sobre la carretera 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, tubérculos y naranja.

Doña María inicio su negocio hace poco más de dos años. Ella tiene una panadería, dice que sus productos son muy aceptados en su comunidad ya que son muy buenos y de gran calidad, además comenta que está muy feliz de poder tener un negocio propio en su casa así puede estar al cuidado de sus hijos y no dejar de lado las tareas del hogar y que gracias a este proyecto sus condiciones de vida y las de su familia han mejorado considerablemente y dice además que ha crecido como persona y ha adquirido mucho conocimiento.
En estos momentos doña María del Carmen desea obtener un microcrédito por ¢654,000 (seiscientos cincuenta y cuatro mil colones), para comprar otro horno industrial, una batidora industrial y diferentes materiales necesarios para elaboración de sus productos. Con esta inversión espera incrementar la producción para atraer más clientes, ofrecer un mejor servicio y así hacer que su negocio crezca más y lograr ser una microempresaria exitosa.

Doña Maria es socia de la Empresa de Crédito Comunal Unidos por un Desarrollo, una de las 100 organizaciones socias de EDESA en Costa Rica. Este será su primer préstamo y con él espera mejorar su negocio para tener mayores ingresos asi darle un mejor estilo de vida a sus Hijos.

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
  • 62
    View loans »
    Costa Rica Loans Fundraising
  • $4,316,600
    Funds lent in using Kiva
  • 545.0
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Maria to remodel her working area and to buy an oven.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 4, 2010
Listed
May 25, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 26, 2012