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Alexander
Alexander Fernández V. is a 35 year old man who lives with his wife and 2 children in a community called El Sauce de Santa Teresita de Turrialba, in Cartago province. It is a small rural community with around 2,000 inhabitants, mostly producing milk and coffee beans. The area has hilly terrain and a lot of it is tropical rain forest. There are some real beauty spots, where the tropical forest meets two lovely lakes, coffee plantations and dairy farms.

In a little over two years, Alexander has developed himself into a micro-entrepreneur, with a small business producing milk and milk products such as cheese and cream. His children have helped him keep the home and business running, even helping to make and market the produce. He says he is very happy with this project: it has increased his confidence and provided income to improve their living conditions despite difficulties that have befallen the little community - indeed it has enabled him to keep his family together, as it means he has not had to leave to find work in the city. Now Alexander needs a loan of 623,000 colones ($1200) in order to buy a milk cow from his neighbour. With this cow he will be able to increase his production, generate more income, and continue to develop as an entrepreneur.
View original language description ↓
Alexander Fernández V. es un señor de 35 años de edad quien vive con su esposa y 2 hijos 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.
Hace poco más de dos años, don Alexander se ha desarrollado como microempresario, con un pequeño proyecto dedicado a la producción de leche y algunos derivados, tales como natilla y queso. El vive con sus 2 hijos quienes han ayudado a mantener a flote el hogar y su pequeño negocio. Colaboran tanto en la elaboración como en la comercialización de los productos.
Dice estar muy satisfecho con este proyecto, ya que le ha generado una mayor confianza, ha servido como una fuente de ingresos para mejorar sus condiciones a pesar de algunos problemas que aquejan a la comunidad y sin dejar de lado que ha logrado mantener a su familia unida. Y no han tenido que emigrar a la ciudad a buscar trabajo.
Actualmente Don Alexander requiere un préstamo de ¢623,000 (Seiscientos veintitrés mil colones) con el fin de comprar una vaca lechera, la cual asegura conocer bastante bien porque es de su vecino. Con esta vaca el pretende aumentar la producción de leche y así generar más ingresos que le permita seguir creciendo como Microempresario

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
  • 24
    View loans »
    Costa Rica Loans Fundraising
  • $4,165,075
    Funds lent in using Kiva
  • 519.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Alexander to buy a milk cow.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 9, 2010
Listed
Jun 29, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 18, 2013