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Victor Manuel
Víctor Manuel is a 36 year old man who lives with his wife and children in a small town in the province of Guanacaste called La Garita. La Garita is in a plain, its climate is very warm and most of the inhabitants work in cattle raising, agriculture and rural tourism.

Víctor Manuel started his business two years ago as a beekeeper and has noticed that his neighbors are vey happy with everything he has produced at the moment. He says that his work is very interesting since he has seen how his business and demand has grown.

At present, Víctor Manuel needs a loan of ¢600.000 (six hundred thousand colones) to buy the merchandize necessary for his work and finish extracting the product. Specifically he needs containers to store the honey, bottles to sell it in the market, as well as transportation to distribute his product. He hopes that with these items his business will continue to grow as well as his quality of life. Víctor Manuel’s business is doing well but without money he has not been able to make it grow to its full potential.

Víctor Manuel is a member of the La Garita Communal Bank, one of 150 member organizations of EDESA in Costa Rica. He hopes to be able to continue being an active member in these types of organizations and asserts that the ECC has had a great impact in the community since the people did not have the financial opportunities they have now.

View original language description ↓
Víctor Manuel es un señor de 36 años que vive con su esposa e hijos en un pequeño pueblo en la provincia de Guanacaste llamado la Garita. La Garita es una planicie de clima bastante cálido donde se desarrollan actividades tales como la ganadería, Agricultura y el Turismo Rural.

Desde hace dos años Víctor Manuel dio inicio a su negocio en el cual se dedica a la apicultura y ha notado que los vecinos de su comunidad se muestran muy satisfechos con todo lo producido hasta el momento. Además dice que el proyecto le es muy interesante ya que ha visto como poco a poco su negocio crece y la demanda va incrementando.

Actualmente Víctor Manuel está solicitando un micro crédito de ¢600.000 (seiscientos mil colones) para la compra del insumo que conlleva esta actividad, para terminar de sacar la producción. Específicamente necesitan estañones para almacenar la miel, envases para sacarla al mercado, lo que también requiere de un medio de transporte para distribuirla. Con esto el espera hacer crecer más su negocio y mejorar su calidad de vida. Su negocio va bien pero por falta de dinero no ha podido hacerlo crecer más.

Víctor Manuel es socio de la Empresa de Crédito Comunal La Garita una de las 150 organizaciones socias de EDESA en Costa Rica. Espera poder seguir participando de manera más activa en este tipo de organizaciones. Y nos afirma que la ECC ha tenido gran impacto en la comunidad, ya que antes no tenían oportunidades para ayudar económicamente a los habitantes.

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
  • 24
    View loans »
    Costa Rica Loans Fundraising
  • $4,165,075
    Funds lent in using Kiva
  • 507.2
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Victor Manuel buy merchandize for his beekeeping business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2012
Listed
Jan 30, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013