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Marcelino
Marcelino A. M. lives in Cartagena in Guanacaste. He is one of the members who participate in the project selling sugar for cattle (molasses)

He needs a loan in the amount of 500 000 (five hundred thousand colones) to purchase a tub of molasses that he needs to start his business selling the sugar known as molasses. This is used as feed for cattle and it has become a profitable business for the community. He is certain that there are more than 40 farms that will require his services and he has only started the business.

He is a member of Empresa de Credito Communal de Cartagena, one of the 110 member organizations of Edesa (Kiva Field Partner) in Costa Rica.
View original language description ↓
Marcelino A. M. es vecino de Cartagena en Guanacaste, es uno de los socios que participaran en el proyecto de la venta de miel para ganado (melasa.
En este momento el necesita un préstamo de ₡500 000 (quinientos mil colones) para la compra de una Tanqueta de miel necesaria para iniciar su proyecto de venta de una miel conocida como melaza, esta sirve de alimento para el ganado y se ha convertido en un gran negocio para la comunidad. El asegura que son más de 40 ganaderos que van a necesitar de sus servicios a penas inicie el proyecto
El es parte de la Empresa de Crédito Comunal de Cartagena, una de una de las 110 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
  • 0
    View loans »
    Costa Rica Loans Fundraising
  • $4,022,575
    Funds lent in using Kiva
  • 497.0
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Marcelino to purchase molasses.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Mar 17, 2011
Listed
Mar 16, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 18, 2012