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Noel
Noel R. O. has been farming corn for 5 years. He sells it to a soda (a small restaurant in Costa Rica) which sells typical dishes made with Costa Rican corn.

He is from Santa Fe de Alajuela, a community especially known for being close to the Nicaraguan border.
He needs to prepare the garden behind his house for the next corn harvest. For this reason, he needs a loan of 603,000 colones (six hundred and 7 thousand colones) to buy all the necessary supplies. He hopes to improve the quality of life for his wife and their 6 children. He is 46 years old and he is a member of Santa Fe community bank, one of EDESA’s 100 member organizations in Costa Rica.
View original language description ↓
Noel R. O. tiene 5 años de dedicarse ala siembra de maíz, el lo vende a un soda que vende todo tipo de comidas típicas basadas en maíz costarricenses.
Es el de Santa Fe de Alajuela, una comunidad conocida especialmente por su cercanía a la Frontera con Nicaragua.
El necesita preparar la huerta que tiene detrás de su casa para la próxima cosecha de maíz, es por eso que necesita un préstamo ¢603000 (seiscientos tres mil colones) para comprar todos los insumos necesarios. Espero mejorar la calidad de vida de su esposa y la de sus 6 hijos.
El tiene 46 años y es socio de la Empresa de Crédito Comunal Santa Fe, una de las 100 organizaciones socias de EDESA en Costa Rica.

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
  • $3,979,500
    Funds lent in using Kiva
  • 503.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Noel for harvesting corn.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 13, 2010
Listed
Oct 26, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011