Luis recently had to delay the construction of his home because he does not have enough money to continue. At the moment, he is requesting a microloan in the amount of 600,000 CRC in order to buy more wood and materials to finish the construction of his house so that he can live in it and have a decent and peaceful life.
With this investment, he hopes that his family will have stability. All of this assistance will improve his living conditions so that Luis and his loved ones can move forward and grow as a family.
Luis is a member of the Communal Credit Enterprise of San Francisco de La Palma, one of the 110 member organizations that make up EDESA in Costa Rica. This will be his first loan and he hopes to continue growing on a personal and financial level. In addition, he will be an active participant in his local credit organization.
Hace poco Luis tuvo que detener la construcción de su vivienda, ya que no tenía suficiente dinero para seguir.
Actualmente Luis está solicitando un microcrédito de ¢600,000 (seiscientos mil colones) para la compra de más madera y materiales para finalizar la construcción de su hogar, habitar en la misma y poder tener una vida digna y tranquila.
Con esta inversión espera que su familia viva estable. Todo esto ayudará a mejorar sus condiciones de vida y así poder seguir adelante y superarse como familia.
Luis es socia de la Empresa de Crédito Comunal San Francisco de la Palmera, 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.
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.
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Success!! The loan was 100% repaid