Faustina’s goal is to be able to make some home improvements but she’s not been able to because of economic problems which means that it’s very difficult for her to do the project with her own financing.
Because of this Faustina is asking for a 400,000 colones loan to buy building materials and supplies to improve her home and provide a better quality of life for her family.
Faustina is a member of the Hatillo communal bank one of EDESA’s 150 communal banks in Costa Rica. This is her first loan with the firm and she gives thanks for all the help she’s been given.
Faustina tiene como meta, el poder hacer unos cambios para mejorar su casa, pero no ha podido ya que ha tenido problemas económicos, lo que quiere decir que se le hace muy difícil realizar su proyecto por financiamiento propio.
Es por eso que Faustina está solicitando un préstamo por el monto de 400,000.00 (cuatrocientos mil colones), para la compra de materiales de construcción, para asi mejorar su hogar y darle una mejor calidad de vida a su familia.
Faustina 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 primer préstamo con la Empresa y da muchas gracias 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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