5 years ago, Carolina opened her own business, a beauty salon, that has allowed her to get ahead as a mother and a microentrepeneur. The demand for her services is high and she needs to expand her business and that is why she needs a loan of ₡594 000 (five hundred ninety-four thousand colones) to buy the materials necessary to expand her place and to set it up with the beauty tools necessary. Carolina is very positive and is sure that she will be able to pay back the loan without any problems since the business will grow as will her profits.
Carolina is a member of the Bancruce Communal Bank, one of the 110 member companies of EDESA in Costa Rica.
Hace 5 años Carolina abrió su propio negocio, un salón de Belleza que le ha permito superarse como madre y como microempresaria. La demanda es alta y necesita ampliar su negocio, es por eso que necesita un préstamo ₡594 000 (quinientos noventa y cuatro mil colones) para la compra de los materiales necesarios para ampliar su local y acondicionarlo con la herramientas de belleza necesarios. Carolina es muy positiva y asegura que podrá reembolsar su crédito sin ningún problema que el negocio crecerá aun mas, así como sus ingresos.
Ella es socia de la empresa de Crédito Comunal Bancruce, una de las 110 empresas socias de EDESA en Costa Rica.
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.
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Success!! The loan was 100% repaid