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Alvaro Gerardo

Update on Alvaro Gerardo

Alvaro, age 48, lives with his family in a rural community called San Gabriel in Yolillal, Upala canton, in the Alajuela province in Costa Rica. It is a relatively large rural community with semi-mountainous topography located in Costa Rica, Central America. Its main business activities are growing basic grains, and, on a minor scale, livestock.

For some months now Alvara has needed to get the resources to repair his house. In Costa Rica the rainy season has started, and he needs to change the roofs, repair the kitchen, and lay sidewalks. In order to do so he needs to buy materials and pay for labor.

In his particular case, managing to improve his house depends upon this project. Alvaro believes that thanks to this loan he and his family will improve their living conditions. Alvaro currently needs a small loan for 1,000,000 colones.

He is part of the San Gabriel communal bank, one of EDESA’s 150 associated organizations in Costa Rica.
View original language description ↓
Alvaro es un señor de 48 años de edad, quien vive con su familia en una comunidad rural de Costa Rica llamada San Gabriel, localizada en Yolillal, Upala en la provincia de Alajuela. Es una comunidad rural con una extensión relativamente grande, con topografía semi-montañosa ubicada en Costa Rica, Centroamérica. Sus actividades principales son la agricultura de granos básicos, y en menor escala a la ganadería.
Desde hace unos meses que Alvaro tiene la necesidad de adquirir recursos para reparar su vivienda ya que en Costa Rica comenzó la época lluviosa y necesita cambiar techos y reparar su cocina , hacer aceras y para esto debe comprar materiales y pagar mano de obra . En su caso particular, depende de este proyecto para lograr mejorar su vivienda. Alvaro considera que gracias a este financiamiento él y su familia mejoraran sus condiciones de vida . Actualmente Alvaro necesita un microcrédito por un millón colones (¢1.000.000.00). El forma parte de la Empresa de Crédito Comunal de San Gabriel, una de las 150 organizaciones socias de EDESA en Costa Rica.

Previous Loan Details

Alvaro Gerardo C. B. es un señor de 48 años de edad, quien vive con su esposa y uno de sus tres hijos en una comunidad rural de Costa Rica llamada San Gabriel, localizada en Yolillal, Upala en la provincia de Alajuela. Es una comunidad rural con una extensión relativamente grande, con topografía semi montañosa ubicada en Costa Rica, Centroamérica. Sus actividades principales son la agricultura de granos básicos, y en menor escala la ganadería.

Desde hace ya varios años don Alvaro se dedica a la ganadería de doble propósito. Logra vender sus productos a los vecinos de su comunidad quienes se muestran muy satisfechos con la calidad de los productos que ofrece. En su caso en particular, la demanda es mayor de lo que puede ofrecer actualmente.

Don Alvaro considera que gracias al progreso de este proyecto, él y su familia han mejorado poco a poco sus condiciones de vida y ha logrado ser actores en el desarrollo de la comunidad.

Actualmente don Alvaro desea obtener un microcrédito por ¢500.000 (quinientos mil colones), para comprar 3 vacas y así poder incrementar la producción. El sabe que contar con mayor número de vacas más es un mayor sacrificio y demandará más trabajo. Sin embargo, el deseo de ser un microempresario exitoso y sacar adelante a su familia mejorando las condiciones de vida, lo motiva a esforzarse con gran esmero.

Don Alvaro forma parte de la Empresa de Crédito Comunal de San Gabriel, una de las 100 organizaciones socias de EDESA en Costa Rica. Este será 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.
More from Alvaro Gerardo'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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Costa Rica

  • $11,100
    Average annual income
  • 11
    View loans »
    Costa Rica Loans Fundraising
  • $3,973,175
    Funds lent in using Kiva
  • 498.4
    Costa Rica Colones (CRC) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,025 helped Alvaro Gerardo to repair his house.
86% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2012
Listed
Jun 27, 2012
Currency Exchange Loss:
Possible