Some months ago Victoriano had as a project to make some changes in his house, but he hasn’t been able to accomplish them because he has had financial problems. That is, it is very difficult for him to do these projects with his own money.
That is the reason that Victoriano is requesting a loan of 325,000 (three hundred and twenty-five thousand colons) to buy construction materials for improving his home and giving his family a better quality of life.
Victoriano is a member of Hatillo communal bank, one of the 110 businesses that is part of EDESA in Costa Rica. He tells us that this is his second loan and he is very happy and appreciative with the bank for the help it has offered.
Desde hace unos meses que Victoriano tiene como proyecto, hacer unos cambios en su hogar, pero no ha podido ya que ha tenido problemas económicos, lo cual quiere decir que se le hace muy difícil realizar su proyecto por financiamiento propio.
Es por eso que Victoriano está solicitando un préstamo por el monto de 325,000.00 (trescientos veinticinco mil colones), para la compra de materiales de construcción para asi mejorar su hogar y darle una mejor calidad de vida a su familia.
Victoriano es socio de la Empresa de Crédito Comunal de Hatillo, una de las 110 empresas socios de EDESA en Costa Rica. Y nos indica que este es su segundo préstamo, lo cual lo tiene muy feliz y está muy agradecido con la Empresa por toda ayuda que le han brindado.
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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