Update on RosaRosa Obdulia is a 56 year old woman; she lives with her husband and children in a small town in 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.
For some years Rosa Obdulia has worked in her variety store/bookstore, she is in charge of her store and the neighbors in her community are very happy with the service she provides them. Rosa Obdulia says that she has the support and help of her husband who helps her continue working. She says that her work is very interesting since she has seen how her business and demand has grown.
At present Rosa Obdulia needs a loan of ¢600.000 (six hundred thousand colones) to buy educational materials for her business. She hopes that this investment will help her small company grow and improve her quality of life.
Rosa Obdulia is a member of La Garita Communal Bank, one of 150 member organizations of OEDESA in Costa Rica. This will be her second loan, and hopes to keep working in a more active way in these type of organizations.
Desde hace varios años Rosa Obdulia se dedica a su bazar/librería, tiene a cargo su local y los vecinos de su comunidad se muestran muy satisfechos por el servicio brindado. Dice que tener el apoyo y la ayuda de su esposo le facilita seguir con el proyecto. Además dice que el proyecto le es muy interesante ya que ha visto como poco a poco su negocio crece y la demanda cada vez es más fuerte.
Actualmente Rosa Obdulio está solicitando un micro crédito de ¢600.000 (seiscientos mil colones) para la compra de materiales didácticos para su negocio. Con esto ella espera hacer crecer más su microempresa y mejorar su calidad de vida.
Rosa Obdulia es socia de la Empresa de Crédito Comunal La Garita una de las 150 organizaciones socias de EDESA en Costa Rica. Este será su segundo crédito, y espera poder seguir participando de manera más activa en este tipo de organizaciones.
Previous Loan DetailsRosa is 54 and lives with her husband and 3 children in a small community in Guanacaste called La Garita. It is located on a plain with a very warm climate where activities such as cattle-raising, agriculture, and tourism, among others, occur. With the desire of improving her condition of lif... More from Rosa's previous loan »
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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid
- Repayment Term
- 26 months (Additional Information)
- Repayment Schedule
- Jan 17, 2012
- Jan 30, 2012
- Currency Exchange Loss:
- Mar 29, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.