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Edwin
Edwin is 23 years old and 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 mountainous landscape formed by two mountain ranges, the Central and the Talamanca. The weather is cold the majority of the year because of the two nearby volcanoes, Irazú and Turrialba.

Edwin works two hours from his home and he needs to purchase a vehicle to get to the place where he works. He will also use the vehicle on the weekends to transport people from one community to another so that he can earn extra money to help his family.

Edwin is requesting a loan of 600,000 colones to purchase the vehicle. He is a member of the El Sauce de Santa Teresita Turrialba community bank, one of the 150 EDESA member organizations in Costa Rica.
View original language description ↓

Edwin 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.
Edwin trabaja a dos horas de su casa y le urge comprar un vehículo para trasladarse al lugar de trabajo, él usará el vehículo el fin de semana transportando personas de una comunidad a otra y con esto obtendrá un dinero extra para ayudar más a su familia.
Actualmente Edwin desea obtener un microcrédito de seiscientos mil colones (¢600.000) para la compra de dicho vehículo.
Edwin 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.

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

  • $11,100
    Average annual income
  • 0
    View loans »
    Costa Rica Loans Fundraising
  • $4,022,575
    Funds lent in using Kiva
  • 498.4
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Edwin to purchase a vehicle to get to work and to use as a taxi on the weekends.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2012
Listed
Aug 25, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 6, 2014