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Francisco
Francisco López Chavarría is a 42 year old gentleman who lives with his wife and daughter in the community of Canalete, which is located in the town of Upala in Alajuela Province. This place is semi-mountainous and the local business activities are mostly livestock breeding and agriculture. The community provides a great opportunity for developing and establishing microenterprises in the agriculture and retail sectors.


Don Francisco and his family have always engaged in livestock breeding for the purposes of producing meat and milk. He says this is a very good business to be in since there is high demand in the community. Today his products sell at a good price, especially the milk. Thanks to this business, he says he has the chance to send his daughter to college.


At the moment, Don Francisco wants to obtain a microloan in the amount of 618,000 CRC so that he can buy three heads of cattle for meat and milk production. He will also buy materials needed for improving the conditions of his corral, including wire and grass seeds.


Don Francisco is a member of the Canalete Communal Credit Enterprise, one of 100 member organizations that make up EDESA in Costa Rica. This will be his first loan and he hopes to continue growing personally and financially. He also plans to be an active participant of his local credit organization.

View original language description ↓
Francisco López Chavarría es un señor de 42 años de edad quien vive con su esposa y su hija en una comunidad llamada Canalete localizada en Upala en la provincia de Alajuela, es un lugar semi montañoso y sus actividades económicas se centran en la agricultura y mayormente en la ganadería. Es una comunidad con una gran oportunidad de desarrollo y establecimiento de microempresas, tanto de agroindustria como comercio.

Don Francisco y su familia siempre se han dedicado a la ganadería de doble propósito aprovechando tanto la carne como la producción de leche. Comenta que es muy buen negocio ya que la demanda es bastante grande alta en la comunidad, y hoy sus productos se venden a buen precio en especial la Leche. Comenta que gracias a este negocio tiene la posibilidad de enviar a su hijo al colegio.


Actualmente don Francisco desea obtener un microcrédito por ¢618.000 (seiscientos dieciocho mil colones), para comprar 3 vacas para doble propósito, y compra los materiales necesarios para mejorar las condiciones de su corral, incluyendo alambre y semillas de pasto.

Don Francisco es socio de la Empresa de Crédito Comunal Canalete, una de las 100 organizaciones socias de EDESA en Costa Rica. Este será su primer 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
  • 515.0
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Francisco purchase three heads of cattle & materials for making improvements to his corral.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 2, 2010
Listed
Jul 25, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 19, 2013