Check out some available loans that are similar to this one!
Felipe
Felipe is 45 years old and lives with his family in the community of Santa Fe, in Los Chiles, in Alajuela province. This community is located in a mountainous area and is close to the country's northern border. The main business activities of this area are livestock raising and farming, especially basic grains, sugarcane and oranges.

Felipe has been farming for several years and this is the way in which he makes income for his family. He is very happy because his business has grown significantly. The neighbors in his community have supported him a lot and now he is capable of getting ahead.

Felipe hopes to receive a micro-loan for 600,000 colones to buy fertilizers and fungicides in order to prepare his soil for sowing tubers. He knows that the acquisition of more supplies is a great sacrifice and demands more work. However, his wish to become a successful micro-businessman and improve his family's living conditions motivates him to make progress with a lot of care and commitment.

Felipe is a member of the Manantial de Santa Fe Community Credit Company, one of EDESA's 150 member organizations in Costa Rica. He will continue growing both on a personal and financial level and will actively participate in the credit organization in his community.
View original language description ↓
Felipe tiene 45 años de edad y vive con su familia en la comunidad de Santa Fe, que se encuentra en Los Chiles en la provincia de Alajuela. Esta comunidad se encuentra en una zona montañosa y está cerca de la frontera norte del país. Las actividades comerciales principales son la ganadería y la agricultura, especialmente el cultivo de granos básicos, caña de azúcar y naranjas.

Felipe se dedica a la agricultura desde hace varios años y este es el medio por el cual genera ingresos para su familia. Está muy contento porque su negocio ha crecido de manera significativa, los vecinos de la comunidad lo han apoyado mucho y ahora es capaz de salir adelante.

Felipe espera obtener un microcrédito de 600,000.00 (seiscientos mil colones) para comprar abonos y fungicidas, esto para preparar el terreno para sembrar tubérculos. El sabe que la adquisición de más insumos tiene gran sacrificio y exige más trabajo. Sin embargo, su deseo de convertirse en un exitoso microempresario y mejorar la condición de vida de su familia lo motiva a seguir adelante con gran cuidado y dedicación.

Felipe es socio de la Empresa de Crédito Comunal de Manantial de Santa Fe, una de las 150 organizaciones socios de EDESA en Costa Rica. Continuara 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
  • 21
    View loans »
    Costa Rica Loans Fundraising
  • $4,356,875
    Funds lent in using Kiva
  • 505.6
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Felipe to buy fertilizers and fungicides.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 16, 2011
Listed
Oct 28, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 19, 2013