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Manrique
Manrique is 42 years old and lives with his family in a community in the Hatillo district. This is an urban residential area, however it is experiencing a growing amount of commercial activity. This is mainly concentrated in the commercial centers, where there are a large number of furniture stores, tortilla makers, bakeries, bookstores, mechanics and car workshops, gas stations, dentists, pharmacies, medical offices, bars, restaurants, shops and printers.

Manrique says that he started his business to help with daily expenses and to move his family ahead in life. His wife helps him, and he is confident that his client list will grow and that he will be able to cover all his needs.

This is why Manrique is requesting a loan of 200,000 (two hundred thousand) colones, so that he can purchase raw lumber that he will sell once it's processed and ready to use in construction.

Manrique is a member of the Communal Bank of Hatillos, which is one of EDESA's 150 communal banks in Costa Rica. This is his second loan with Empresa, and he is very thankful for all the support that has been provided to him.
View original language description ↓
Manrique tiene 42 años de edad y vive su familia en una comunidad del distrito de Hatillo, que es urbano y residencial, sin embargo es objeto de una creciente actividad comercial, concentrada principalmente en los centros comerciales. Se ha ubicado gran cantidad de mueblerías, tortillerías, panaderías, librerías, talleres mecánicos y automotrices, gasolineras, dentisterías, farmacias, consultorios médicos, bares, restaurantes, tiendas e imprentas.

Manrique dio inicio a su negocio, para ayudarse en los gastos diarios y sacar adelante a su familia. Ha visto el apoyo de su esposa y está seguro de que su lista de clientes crecerá y podrá dar abasto con todas sus necesidades.

Es por eso que Manrique está solicitando un crédito de 200,000.00 (doscientos mil colones), para asi comprar madera que este en pie, luego venderla procesada y lista para construir.

Manrique es socia de la Empresa de Crédito Comunal de Hatillo, una de las 150 empresas de crédito comunal de EDESA en Costa Rica. Es su segundo préstamo con la Empresa y da muchas gracias por toda ayuda que le han brindado.

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

  • $11,100
    Average annual income
  • 0
    View loans »
    Costa Rica Loans Fundraising
  • $4,022,575
    Funds lent in using Kiva
  • 512.0
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Manrique to sell processed lumber for construction.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 8, 2011
Listed
Nov 8, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 7, 2014