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Eduardo Enrique
Eduardo is 37 years old and lives with his family in the community of Santa Teresita, in Cartago Province. The city of Cartago was founded in 1563 by the Spanish conquistador Juan Vázquez de Coronado, and was the capital of Costa Rica until 1823. It was the site of the first permanent international criminal court in the world, the Corte de Cartago. Cartago's mountainous terrain is made up of two ranges of hills: the Central Cordillera and the Talamanca Cordillera.

Eduardo has the support and motivation of his family, and he lives for them. It is important for Eduardo to buy a means of transport, because demand is increasing all the time and his neighbours in the community have expressed their satisfaction with the service on offer.

Eduardo is seeking a loan of 600,000 Colones to buy a motorbike to get to work each day and to devote as much time and effort as possible ot his project. He works in the field, fertilizing plots of land or planting gardens in the community.

Eduardo is part of the communal bank of El Sauce de Santa Teresita Turrialba, one of 150 organisations associated with the field partner EDESA in Costa Rica. This is his first loan and he says that with it he hopes to be able to continue developing as a small business owner and to move his business forward. He also expresses his gratitude to organisations of this kind and the lenders who make it possible for him to access credit and thus to dedicate his time to productive activity.
View original language description ↓
Eduardo tiene 37 años de edad y vive con su familia en la comunidad de Santa Teresita, en la provincia de Cartago. La Ciudad de Cartago fue fundada en 1563 por el conquistador español Juan Vázquez de Coronado, fungió como capital de Costa Rica hasta 1823 y fue sede de la primera corte internacional permanente de la historia mundial, la Corte de Cartago. Su relieve montañoso está formado por dos cordilleras: la Central y la cordillera de Talamanca.

El tiene la motivación y la ayuda de sus familiares, lo cual le facilita seguir con su vida. Además le es muy importante adquirir este medio de transporte, ya que la demanda es cada vez más fuerte y los vecinos de la comunidad se han sentido satisfechos con el servicio brindado.

Lo que en estos momentos solicita Eduardo es un micro crédito de ¢600,000(seiscientos mil colones), para comprar una motocicleta para movilizarse a su trabajo todos los días, ya que trabaja en el campo abonando terrenos o podando distintos jardines en la comunidad, y para dar el mejor mantenimiento y asistencia posible a su negocio.

Eduardo forma parte de la Empresa de Crédito Comunal de El Sauce de Santa Teresita Turrialba, una de las 150 organizaciones socias de EDESA en Costa Rica. Este será su primer crédito y dice que con el espera poder seguir creciendo como microempresario y sacar su negocio adelante. También destaca que gracias a este tipo de organizaciones y medios facilitadores de crédito puede dedicar más tiempo a las actividades productivas.

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
  • 26
    View loans »
    Costa Rica Loans Fundraising
  • $4,365,675
    Funds lent in using Kiva
  • 501.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Eduardo Enrique to buy a motorbike to make getting to work easier.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 13, 2012
Listed
Jan 5, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 21, 2014