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Juan María
Juan María is an older adult of 82 years of age and a constant worker. He lives with his family in a community called Cartagena in the province of Guanacaste. This province's economy is based principally off of livestock, although beekeeping and aquaculture are also carried out in this region.

Juan María needs to repair his vehicle as it's the only means by which he makes a living, transporting the community's people from one place to another. He is requesting a loan for six hundred thousand colones (¢600.000) to buy the vehicle's spare parts and paint it. This is so that he can continue offering this service since with this it guarantees an income to cover his basic necessities.

Juan María is a member of the Empresa de Crédito Comunal de Cartagena (Communal Loan Business of Cartagena), one of the 150 member organizations of EDESA in Costa Rica. He is very happy because he found an excellent form of financing in order to repair his vehicle and continue working.
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Juan María es un adulto mayor tiene 82 años de edad y es un trabajador constante, vive con su familia en una comunidad llamada Cartagena, en la provincia de Guanacaste. La economía de esta provincia se fundamenta principalmente en la ganadería, aunque también en esta región se practican la apicultura y acuacultura.

Juan María necesita reparar su vehículo, ya que es el único medio con el que él se gana la vida transportando personas de la comunidad de un lugar a otro . El está solicitando un crédito por seiscientos mil colones (¢600.000) para comprar los repuestos del vehículo y pintarlo para continuar dando este servicio ya que con esto se garantiza un ingreso para cubrir sus necesidades básicas.

Juan María es socio de la Empresa de Crédito Comunal de Cartagena, una de las 150 organizaciones socias de EDESA en Costa Rica. Y está muy feliz porque encontró una excelente forma de financiamiento para reparar su vehículo y continuar trabajando.

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
  • 38
    View loans »
    Costa Rica Loans Fundraising
  • $4,441,500
    Funds lent in using Kiva
  • 503.7
    Costa Rica Colones (CRC) = $1 USD
Expired
A loan of $1,200 helped Juan María to buy spare parts for the vehicle that he uses as a taxi.
Repayment Term
39 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 27, 2012
Listed
May 7, 2012
Currency Exchange Loss:
Possible
Expired:
Jun 6, 2012