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Flor
Flor P. L. is an 18 year-old youth who lives with her husband and their son in a community called Santa Fe, located in Los Chiles in the Alajuela province. This community is in a mountainous region that is located very close to the northern border of the country. The main economic activities are livestock and agriculture, specifically the cultivation of staple grains, sugar cane and oranges.

Flor has a small piece of land where she has cultivated different crops such as papaya and bananas, but three years ago she started to grow yams. Yams are root vegetables that taste good, are rich in nutrients and are processed in large volume by the local agro-industry. There is great demand for this product in Costa Rica as well as in other countries. She tells us that since she dedicated her production entirely to this product her income has increased.

Now Flor is requesting a loan of 623,000 Costa Rican colones to help with the preparation of the soil by purchasing of seeds, fertilizers and other supplies that are needed to guarantee the optimal cultivation of yams. Flor is a member of the communal bank "Manatial de Santa Fe," one of the 100 organizations that are members of EDESA in Costa Rica. This will be her first loan, and she hopes to take maximum advantage of it and to continue to have access to this type of credit.
View original language description ↓
Flor P. L. es una joven de 18 años de edad la cual vive con su esposo y su hijo 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.
Flor tiene un pequeño terreno en el cual ha sembrado diferentes cultivos tales como papaya y plátano, pero desde hace tres años ella se dedica a la siembra de ñame un tubérculo de agradable sabor, rico en nutrientes, de procesamiento agroindustrial amplio y de gran demanda tanto en Costa Rica como en otros países. Asegura que desde que se dedica solo a este producto sus ingresos han aumentado.
Actualmente Flor está solicitando un préstamo de ¢623,000 (seiscientos veinte y tres mil colones) para ayudarse con la preparación del suelo, compra de semillas, fertilizantes, entre otros insumos que sean necesarios para garantizar la siembra óptima del ñame.
Doña Flor 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 espera aprovecharlo al máximo y seguir teniendo acceso a este de tipo de Créditos.

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
  • 56
    View loans »
    Costa Rica Loans Fundraising
  • $4,320,650
    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 Flor to buy supplies to improve her land.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 2, 2010
Listed
Jul 27, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 25, 2011