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Ricardo Luis
Ricardo is a 40-year-old gentleman who lives in a rural community of Costa Rica, 45 kilometers south of San José, called San Cristóbal Norte. San Cristóbal is a fairly mountainous area where people work in business activities such as commerce; growing vegetables, coffee, etc.; making handicrafts; raising livestock and many others. Ricardo lives with his wife and children.

For several years, Ricardo has been noted in his area as a very hard-working and entrepreneurial man. His small business has helped his family's living conditions improve considerably. However, his earnings are not sufficient to carry out this project. He says that being able to provide people with a good service and meet their demands are the basis of his motivation to continue working.

Ricardo currently needs a loan for 600,000 colones to buy building supplies with which to improve his house. In this way, he hopes to provide his family with a decent home.

Ricardo is a member of the San Cristóbal Norte Community Loan Company (SACRIN), one of EDESA's 110 member organizations in Costa Rica.
View original language description ↓
Ricardo es un señor de 40 años de edad, vecino de una comunidad rural de Costa Rica situada 45 kilómetros al sur de San José llamada San Cristóbal Norte. San Cristóbal es una zona un poco montañosa donde se desarrollan actividades como el comercio, agricultura de hortalizas, café y otros, artesanía, ganadería y muchas otras actividades. Don Ricardo vive con su esposa e hijos.

Desde hace varios años que don Ricardo es reconocido en la zona por ser un hombre muy trabajador y emprendedor. Su microempresa ha ayudado a que la condición de vida de su familia haya mejorado considerablemente, sin embargo su salario no es suficiente para realizar este proyecto. Dice que el poder brindar un buen servicio a las personas y cumplir con sus exigencias, son la base de motivación para continuar.

Actualmente don Ricardo requiere un préstamo de ¢600.000 (seiscientos mil colones) para la compra de materiales de construcción para mejorar su vivienda. Con esta espera darle un techo digno a su familia.
Don Ricardo es socio de la Empresa de Crédito Comunal San Cristóbal Norte (SACRIN), 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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Costa Rica

  • $11,100
    Average annual income
  • 45
    View loans »
    Costa Rica Loans Fundraising
  • $4,182,075
    Funds lent in using Kiva
  • 501.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Ricardo Luis to improve his home.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 26, 2011
Listed
Aug 22, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 2, 2014