Check out some available loans that are similar to this one!
Francisca
Francisca O. M. is 40 years old and lives with her two sons in a community called Canalete, located in Upala in the province of Alajuela. It is a hilly region where the principal economic activities revolve around agriculture and raising livestock. Upala is a community with a great opportunity for the development of micro businesses, in agriculture as well as commerce. Two years ago, Francisca decided to launch her own business and opened a small restaurant where she serves all kinds of traditional dishes, delicious and reasonably priced. Francisca's objective is to continue to grow this business. She is requesting a loan to purchase 2 freezers which she needs to keep more ingredients in stock and offer more variety to her customers. Francisca is a member of the communal bank of Canalete, one of the hundreds of organizations associated with EDESA in Costa Rica. This will be her third loan and she hopes to continue to grow her business and improve her economic situation. Francisco wants to be a successful businesswoman.
View original language description ↓
Francisca O. M. es una señora de 40 años de edad quien vive con sus 2 hijos 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.
Desde hace 2 años Doña Francisca decidió crear si propio negocio. Una soda (Pequeño restaurante con comidas caseras) en la cual ella vende todo tipo de platillos tradicionales, muy ricos y a precios muy accesibles. La idea de Doña Francisca es que su negocio sea cada vez mas grande, es por eso que necesita un préstamo de ¢604.000 (seiscientos cuatro mil colones) para comprar 2 congeladores que necesita para poder tener más mercadería y así ofrecer mas variedad de comidas.
Ella es socia de la Empresa de Crédito Comunal Canalete, una de las 100 organizaciones socias de EDESA en Costa Rica. Este será su tercer préstamo y con él espera continuar creciendo a nivel personal y económico. Ella espera ser una gran microempresaria.

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
  • 7
    View loans »
    Costa Rica Loans Fundraising
  • $3,978,825
    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 Francisca to purchase 2 freezers so that she can keep more ingredients in stock and offer more variety to her customers in her small restaurant.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 23, 2010
Listed
Aug 19, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 19, 2013