Marta hopes to obtain a 600,000 (six-hundred thousand colones) micro loan to buy building materials and supplies. The acquisition of these materials requires much sacrifice and more work. Notwithstanding, her desire to repair her house and improve her family’s living conditions motivates her to continue forward carefully and with dedication.
Marta is a member of the “Manantial de Santa Fe” communal bank one of EDESA’s 150 social organizations in Costa Rica. This is her first loan and with it she’ll continue growing both personally and economically as well as actively participating in her community credit organization.
Marta espera obtener un microcrédito de 600,000.00 (seiscientos mil colones) para comprar materiales de construcción. La adquisición de estos materiales tiene gran sacrificio y exige más trabajo. Sin embargo, su deseo de arreglar la casa y mejorar la condición de vida de su familia la motiva a seguir adelante con gran cuidado y dedicación.
Marta es socia de la Empresa de Crédito Comunal de Manantial de Santa Fe, una de las 150 organizaciones socios de EDESA en Costa Rica. Es su primer préstamo y con esto continuara 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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