Check out some available loans that are similar to this one!
Norma
Norma O. R. is a 37-year-old woman who lives with her husband and three children in a community named Santa Fe, in Los Chiles, Alajuela province. This community lies in a mountainous zone very close to our country's northern border. The area's leading economic activities are ranching and farming, especially staple grains, sugar cane and oranges.

With the desire to improve her quality of life and that of her family, Norma was looking at various alternatives, and a little more than a year ago, she started a business: a bakery in which she offers different types of bread and especially homemade pastries. She says that the business has gone very well for her; she has enjoyed great acceptance in her community, since there had previously been no business providing this service.

At this time, Norma would like to request a loan of 623,000 colones in order to improve the infrastructure of the place where she bakes her bread. With this, she hopes that her microenterprise will grow and generate more income to raise her standard of living.

Norma is a member of the Empresa de Crédito Comunal Manantial de Santa Fe (Santa Fe Springs Communal Credit Company), one of EDESA's 100 member organizations in Costa Rica. This will be her first loan, and she hopes that it will help her to grow on a personal level and allow her to maintain her business.
View original language description ↓
Norma O. R. es una señora de 37 años de edad la cual vive con su esposo y sus tres hijos 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.
Con el deseo de mejorar su condición de vida y la de su familia ella buscó alternativas diferentes y desde hace poco más de un año inició un negocio, una panadería , en la cual ofrece diferentes tipos de pan y sobre todo repostería casera. Dice que le ha ido muy bien ya que en su comunidad ha tenido mucha aceptación puesto que antes no había un lugar que brindara ese servicio.
En estos momentos lo que desea doña Norma es solicitar un préstamo por ¢623 000 (Seiscientos veinte tres mil colones) para mejorar las condiciones del local donde se elabora el pan. Con esto espera que su microempresa crezca y llegue a generar más ingresos para mejorar su condición de vida.
Doña Norma es socia 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 mantener su negocio

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
  • 24
    View loans »
    Costa Rica Loans Fundraising
  • $4,367,000
    Funds lent in using Kiva
  • 519.3
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Norma materials to improve her bakery.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 2, 2010
Listed
Jul 27, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 21, 2011