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Daniel

Update on Daniel

Daniel is a young man of 26 who lives together with his wife and children in La Fuente, in Cartago province. The main drainage channel in this area is the Reventazón River which has its source in the Cuericí Hills. Owing to the fertile nature of its volcanic and alluvial soil, the main sources of income in this area are farming and livestock raising.

Daniel started his business with two cows that he inherited from his father and, with their offspring, he has increased his herd. Daniel has been in the dairy business for several years. He has property but lacks the money he needs to make progress in his business and to ensure that the neighbors in his community benefit. The project is very interesting to him.

Daniel is requesting a micro loan for 500,000 colones to buy two additional dairy cows so that he can continue producing milk and cheese. In this way, he hopes to grow his business as his goal is to obtain better results from his work in order to provide both himself and his family with an excellent quality of life.

Daniel is a member of the Fuente Agrícola community loan company, one of 150 such organizations which are associated with EDESA in Costa Rica. He hopes to use his loan to continue growing on both a personal and financial level whilst participating actively within the loan organization in his community.
View original language description ↓

Danil es un joven de 26 años de edad, el cual vive con su esposa e hijos, en la Fuente, en la provincia de Cartago. El principal sistema de drenaje de esta zona es el río Reventazón que nace en el Cerro Cuericí. Por la fertilidad de sus suelos volcánicos y aluviales, Cartago es el centro de población que tiene en la agricultura y ganadería sus principales fuentes económicas.

El inicio su negocio con dos vacas que le heredo su padre y con las crías ha ido aumentando. Desde hace varios años que Danil tiene este negocio del ganado lechero, ya que cuenta en estos momentos con una propiedad, pero le falta lo principal para que su negocio surja y para que los vecinos de su comunidad se vean beneficiados. El proyecto le es muy interesante.

Actualmente Danil está solicitando un micro crédito de ¢500.000 (quinientos mil colones) para la compra de dos vacas lecheras más, para poder continuar con su producción de leche y de queso. Con esto el espera hacer crecer su negocio, ya que su meta es tener un mejor resultado en su trabajo para obtener una excelente calidad de vida tanto para él como la de su familia.

Danil es socio de la Empresa de Crédito Comunal de Fuente Agrícola, una de las 150 organizaciones socias de EDESA en Costa Rica. Con este préstamo, él espera continuar creciendo a nivel personal y económico además de participar activamente en la organización de crédito en su comunidad.

Previous Loan Details

Daniel M. is a small businessman in the Turrialba zone. He is a successful dairy farmer, but is unable to keep up with the demand. He needs to expand his dairy and needs a loan of 500,000 Colones ($1,025) to buy zinc metal sheeting, cement, sand and other building materials to improve his estab... More from Daniel's previous loan »

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.

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.

About Costa Rica

  • $11,100
    Average annual income
  • 14
    View loans »
    Costa Rica Loans Fundraising
  • $4,065,825
    Funds lent in using Kiva
  • 509.2
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,975 helped Daniel to buy two dairy cows.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 22, 2012
Listed
Feb 27, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2015