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Jose Manuel
Manuel is a 61-year-old man living with his wife and children in La Fuente, Cartago Province. The main drainage system for this zone is the Reventazón River whose source is Cuericí Hill. Because of the fertility of its volcanic and alluvial soil, Cartago is a population center that has farming and animal husbandry as its main sources of income.

Manuel has had this business for several years. He currently has the space but lacks the most important component so that his business can flourish and so that the neighbors in his community will be benefitted.

Manuel is asking for a ¢400.000 (four-hundred thousand colones) micro loan to buy pigs and feed. He hopes to make his business grow this way because he plans to start out this way and then increase his capital to improve both his and his family’s quality of life.

Manuel is a member of “Comunal de Delirio” communal bank, one of EDESA’s 150 social organizations in Costa Rica. This will be his first loan and he hopes with it to continue growing both personally and economically as well as to participate actively in his community’s credit organization.
View original language description ↓
Manuel es un señor de 61 años de edad, el cual vive con su esposa e hijos, en la Fuente, en la provincia de Cartago. El principal sistema de drenaje de esta zona es el río Reventazón que nace en el Cerro Cuericí. Por la fertilidad de sus suelos volcánicos y aluviales, Cartago es el centro de población que tiene en la agricultura y ganadería sus principales fuentes económicas.

Desde hace varios años que Manuel tiene este negocio, ya que cuenta en estos momentos con un local, pero le falta lo principal para que su negocio surja y para que los vecinos de su comunidad se vean beneficiados.

Actualmente Manuel está solicitando un micro crédito de ¢400.000 (cuatrocientos mil colones) para comprar unos cerdos y alimento. Con esto el espera hacer crecer su negocio, ya que tiene en mente iniciar de esta manera, para luego aumentar su capital y mejorar tanto su calidad de vida como la de su familia.

Manuel es socio de la Empresa de Crédito Comunal de Delirio, una de las 150 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

  • $12,900
    Average annual income
  • 38
    View loans »
    Costa Rica Loans Fundraising
  • $4,438,125
    Funds lent in using Kiva
  • 509.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Jose Manuel to buy pigs and feed.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2011
Listed
Oct 27, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 5, 2014