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Oscar
Oscar S. P. is a 37-year-old man who lives with his wife and three children in a community called Santa Fe located in Los Chiles, Alajuela province. This community stands out for being a mountainous area very close to our country’s northern border. Its main economic activities are cattle-raising and farming, specifically basic grains, sugar cane and oranges.

For the last 5 years Oscar has had his own bicycle sales and repair shop. He assures us that this business is much needed in the community because many people use this particular mode of transportation.

For lack of money, however, he hasn’t been able to enlarge his shop and this is why he’s asking for a 604,000 colones loan to buy the needed materials and supplies to improve his shop’s conditions and to enlarge it because demand requires it.

Oscar is a member of Manantial de Santa Fe (Santa Fe Spring) communal bank, one of EDESA’s 100 partner organizations in Costa Rica.

This will be his 1st loan and he hopes his business will continue to grow with it.
View original language description ↓
Oscar S. P. es un señor de 37 años de edad el cual vive con su esposa y sus 3 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.

Desde hace 5 años don Oscar se dedica a su propio negocio el cual es un taller y una venta de repuesto para bicicletas. Asegura que su negocio es muy necesario en la comunidad ya que mucha gente utiliza ese medio como transporte.

Por falta de dinero no ha podido hacer más grande su local, por lo que él está solicitando un préstamo de ¢604.000 (seiscientos cuatro mil colones), para comprar los materiales necesarios para mejorar las condiciones de su local, y hacerlo más grande, ya que la demanda lo requiere.

Don Oscar es socio 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 que su negocio siga creciendo.


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
  • 36
    View loans »
    Costa Rica Loans Fundraising
  • $4,441,500
    Funds lent in using Kiva
  • 503.5
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Oscar for building materials and supplies.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Aug 25, 2010
Listed
Aug 23, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 29, 2012