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Ronald Álvarez is a well-known music teacher in the community of Alajuela. In addition, Ronald has his own business that he started a long time ago using a small minibus for transporting students in the community. Now he has three minibuses, but one of the vehicles needs an engine overhaul. For this reason he needs a loan of 500,000 CRC to pay for the repairs so that he can continue serving the community.

Ronald expects to maintain his business with the loan so that he can later buy another minibus. He is a member of the Communal Enterprise of Successful Women in Trinchera de Pital, one of the 100 member organizations that make up EDESA in Costa Rica.

View original language description ↓
Ronald Álvarez es un conocido profesor de música de la trinchera de Alajuela.
Además de eso Ronald tiene su propio negocio, hace mucho tiempo inicio con una pequeña buseta, transportando estudiantes de la comunidad. Hoy ya tiene tres busetas, sin embargo una de ellas necesita una reparación total del motor. Es por eso que necesita un préstamo de ¢500 000 (quinientos mil colones) para pagar el arreglo, y poder seguir sirviendo a la comunidad.
El espera que manteniendo el negocio gracias al préstamo podrá más adelante comprarse otra Buseta.
El es socio de la Empresa Comunal de Mujeres al Éxito de la Trinchera de Pital, 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

  • $12,900
    Average annual income
  • 43
    View loans »
    Costa Rica Loans Fundraising
  • $4,436,225
    Funds lent in using Kiva
  • 499.0
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Ronald minibus repairs.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Jan 27, 2011
Jan 28, 2011
Currency Exchange Loss:
Aug 18, 2013