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Marco Antonio
Marco is a young man of 18 years. He lives with his family in a community called Cimarron de Santa Teresita de Turrialba, in the Cartago province. This is a small rural community of approximately two thousand inhabitants. Its people work in milk production and agriculture. The terrain is irregular and much of it is tropical, humid woods. Cimarron is located approximately an hour and a half by bus from Turrialba, the closest shopping center. Of course, at various times throughout the year the road becomes impassable due to the rain.

Marco has wanted to start a banana plantation for several months, since he now has property which he inherited from his parents for this purpose. However, he does not have the capital to start up his business. He hopes to sell his produce to his community. He says that he finds this project very interesting.

Marco is now requesting a micro loan of ¢500 000 (five hundred thousand Colones) for the purchase of banana seeds. With this, he hopes to raise up his business and greatly improve his quality of life and that of his family.

Marco is a member of the Empresa de Crédito Comunal Nuevas Esperanzas for Cimarrón, one of the 100 member organizations of EDESA in Costa Rica. This will be Marco's first loan and with it he hopes to continue growing personally and economically, as well as participating actively in his community's credit organization.
View original language description ↓
Marco es un joven de 18 años de edad, vive con su familia en una comunidad llamada Cimarrón de Santa Teresita de Turrialba, Provincia de Cartago. Es una pequeña comunidad rural de aproximadamente dos mil habitantes. Sus pobladores se dedican a la producción de leche y la agricultura. Tiene un relieve irregular y mucho del terreno se mantiene como bosque tropical húmedo. Cimarrón se localiza aproximadamente a hora y media en bus de Turrialba, el centro de comercio más cercano. Sin embargo, varias veces al año el camino se vuelve intransitable por las lluvias.

Desde hace varios meses que Marco ha querido iniciar con un negocio de siembra de banano, ya que cuenta en estos momentos con el propiedad que le heredaron sus padres para tal fin pero le faltan lo principal para que su negocio surja, él espera vender sus productos a los vecinos de su comunidad. Dice que el proyecto le es muy interesante.

Actualmente Marco está solicitando un micro crédito de ¢500.000 (quinientos mil colones) para la compra de de semillas de banano. Con esto el espera hacer crecer su negocio y mejorar tanto su calidad de vida como la de su familia.

Marco es socio de la Empresa de Crédito Comunal Nuevas Esperanzas para Cimarrón, una de las 110 organizaciones socias de EDESA en Costa Rica. Este será su primer préstamo y con él espera continuar creciendo a nivel personal y económico además de participar activamente en la organización de crédito en su comunidad.

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
  • 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 $1,000 helped Marco Antonio to plant banana trees.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 26, 2011
Listed
Aug 26, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 2, 2014