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Teresita
Teresita M. B. lives near Cimarrón de Cartago. She sells imported clothes in her community.

A short while ago she found a contact to import clothes and sell them in her community. Thanks to the fact that the town is very far away, the business has been a total success. Nevertheless, she has not been able to grow enough, and the demand is higher each day.

That is why she needs a loan for 500,000 colones. She will use it to invest more in her business and improve her earnings. This will allow her to improve her financial situation and her children’s education.

She is a member of the Nuevas Esperanzas para Cimarrón community loan company which is one of the 110 member companies of EDESA in Costa Rica.
View original language description ↓
Teresita M. B. vive cerca de cimarrón de Cartago, ella vende ropa importada en su comunidad.
Desde hace poco tiempo ella encontró un contacto para importar ropa y venderla en su comunidad. Gracias a que el pueblo es lejano el negocio a sido todo un éxito sin embargo no ha podido crecer lo suficiente y la demanda es cada vez mayor. Por eso necesita un préstamo de ₡500 000 ( quinientos mil colones). Para invertir mas y mejorar sus ingresos, esto le permitirá mejorar su situación económica y el estudio de sus hijos.
Ella es socia de la Empresa de Crédito comunal Nuevas Esperanzas para Cimarrón una de las 110 empresas 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
  • 12
    View loans »
    Costa Rica Loans Fundraising
  • $4,061,875
    Funds lent in using Kiva
  • 496.5
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Teresita to buy clothes.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 3, 2011
Listed
May 5, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 21, 2011