Santiago De Los Angeles
Santiago has had his farm for several years on land that he inherited from his parents. He cannot afford to invest in his farm and make it more productive. He thinks the organization's plan to lend money is very interesting and will benefit both himself and his neighbours.
Santiago is seeking a loan of 500,000 colones to buy passionfruit seeds. In this way he hopes to increase production on his farm and also improve his own and his family's standard of living.
He is a member of the Delirio Community Bank, one of 110 organizations run by EDESA in Costa Rica. This will be his first loan. He hopes to continue to develop both on a personal and a financial level, and he plans also to participate actively in organizing loans within his community.
Desde hace varios años que Santiago tiene este negocio de actividad agrícola, ya que cuenta en estos momentos con la propiedad que le heredaron sus padres, pero le falta lo principal para que su negocio surja y para que los vecinos de su comunidad se vean beneficiados. Dice que el proyecto le es muy interesante.
Actualmente Santiago está solicitando un micro crédito de ¢500.000 (quinientos mil colones) para la compra de semillas de maracuyá. Con esto el espera hacer crecer su negocio y mejorar tanto su calidad de vida como la de su familia.
Santiago es socio de la Empresa de Crédito Comunal de Delirio, 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.
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