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Irene
Irene B. N. is 79 years old. She is a widow who lives alone with her nephew who is 19. They live in a rural community of Costa Rica called San Gabriel located in Yolillal, Upala in the province of Alajuela. It is a rural community with a relatively large area of land with a semi-mountainous topography. Their principal economic activities are growing essential grains and small scale ranching.

Irene has dedicated her whole life to dairy farming. Since she was young she has been accustomed to waking up every day at 4am to milk her cows.
Today, with the help of her nephew, she sells dairy products to the whole community. Her customers are very satisfied with the quality of her products, especially the custard.
She needs a loan of ¢604.000 (six hundred and four thousand colones) to buy 3 cows which she needs to increase her milk production and grow her business.

Irene is part of the Empressa de Crédito Comunal of San Gabirel, one of the 100 member organizations of EDESA in Costa Rica. This will be her sixth loan and she says that with this she hopes to be able to continue to grow as a micro-entrepreneur and take her business forward.
View original language description ↓
Irene B. N. es una señora de 79 años de edad, Viuda que vive solamente con su sobrino de 19 años en una comunidad rural de Costa Rica llamada San Gabriel, localizada en Yolillal, Upala en la provincia de Alajuela. Es una comunidad rural con una extensión relativamente grande, con topografía semi montañosa. Sus actividades principales son la agricultura de granos básicos, y en menor escala a la ganadería

Doña Irene se ha dedicado toda su vida a la lechería, desde muy pequeña acostumbraba a levantarse todos los días a las 4 am para ordeñar sus vaquitas.
Hoy ella con la ayuda de su sobrino vende los productos lácteos a toda su comunidad quien se muestran muy satisfechos con su calidad, en especial la natilla.
Ella necesita un préstamo de ¢604.000 (seiscientos cuatro mil colones) para la compra de 3 vacas que ella necesita para incrementar la oferta de leche y mejorar su negocio.

Doña Irene forma parte de la Empresa de Crédito Comunal de San Gabriel, una de las 100 organizaciones socias de EDESA en Costa Rica. Este será sexto crédito y dice que con el espera poder seguir creciendo como microempresaria y sacar su negocio adelante.

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
  • 17
    View loans »
    Costa Rica Loans Fundraising
  • $4,065,825
    Funds lent in using Kiva
  • 504.4
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Irene to buy 3 milk cows.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 25, 2010
Listed
Aug 19, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2012