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José Eduardo

Update on José Eduardo

José Eduardo, 23, lives with his family in the community of Santa Teresita in the Turrialba Canton in the province of Cartago. The city of Cartago was the capital of Costa Rica until 1823. It is known for its mountains formed by two ranges: the Central Range and the Talamanca Range. Its climate is cold most of the year because of the two volcanoes it has called Irazú and Turrialba.

He works several kilometers away from home and needs transportation to get there. He has had the opportunity to buy motorcycle that he could also use on weekends to offer fast food delivery services to different restaurants. He feels that with the help of the communal bank he and his family can improve their living conditions, little by little. To meet his goal, he is requesting a loan in the mount of 800,000 CRC so he can buy the motorcycle and increase his income by working overtime on weekends.

José Eduardo is a member of the communal bank "El Sauce de Santa Teresita Turrialba", one of the 150 social organizations of EDESA in Costa Rica. This is his first loan and he says he hopes to get ahead.
View original language description ↓
José Eduardo es un joven de 23 años de edad y vive con su familia en la comunidad de Santa Teresita, en el cantón de Turrialba ubicado en la provincia de Cartago. La ciudad de Cartago fue capital de Costa Rica hasta 1823, se caracteriza por tener un relieve montañoso formado por dos cordilleras: la Central y la cordillera de Talamanca, su clima es frío la mayoría del año consecuencia de los dos volcanes que posee llamados Irazú y Turrialba.
El trabaja a varios kilómetros de distancia de su casa, y necesita un medio de transporte para trasladarse a su trabajo, se le presentó la oportunidad de adquirir una motocicleta la cual usaría también los fines de semana para ofrecer sus servicios en diferentes restaurantes en la entrega de comidas rápidas , considera que con la ayuda que le brinde la empresa de crédito comunal, él y su familia mejoraran poco a poco las condiciones de vida .
Para lograr su objetivo solicita un microcrédito de ochocientos mil colones (¢800.000.00), de esta manera comprará la motocicleta y a la vez aumenta sus ingresos con el trabajo extra que realizaría los fines de semana.
José Eduardo es socio de la Empresa de Crédito Comunal de El Sauce de Santa Teresita Turrialba, una de las 150 organizaciones socias de EDESA en Costa Rica. Este será su primer crédito y dice que con el espera salir adelante.

Previous Loan Details

José Eduardo Z. R. is a young gentleman of 21 years of age, single and currently lives with his mother, stepfather and two brothers. The community where he lives is called El Sauce de Santa Teresita of Turrialba, Cartago Province. It is a small rural community of about two thousand inhabitant... More from José Eduardo'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

  • $12,900
    Average annual income
  • 57
    View loans »
    Costa Rica Loans Fundraising
  • $4,673,875
    Funds lent in using Kiva
  • 494.2
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,625 helped José Eduardo to buy a motorcycle.
100% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Jul 24, 2012
Jul 24, 2012
Currency Exchange Loss:
Mar 6, 2014