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Ricardo
Ricardo lives with his family in the community of Santa Teresita, in the province of Cartago. The city of Cartago has a mountainous relief formed by two mountain ranges: the Cordilera Central and the Cordillera de Talamanca. This city was the capital of Costa Rica in 1823.

For several years Ricardo has worked in agriculture, specifically the production of peppers. He sells his products to neighbors in the community who are very satisfied with the quality of this product. In his particular case, the demand has grown so that some local restaurants also buy the peppers.

Currently he needs to obtain a loan for ¢300,000 (three hundred thousand colones) to buy seed-beds (seedlings) of peppers to renew his sowing and also he needs supplies to care for and protect his crop from pests and fungi.

Ricardo is a member of the Empresa de Crédito Comunal de El Sauce de Santa Teresita Turrialba, one of the 150 organizations of EDESA in Costa Rica.
View original language description ↓
Ricardo vive con su familia en la comunidad de Santa Teresita, en la provincia de Cartago. La Ciudad de Cartago presenta un relieve montañoso formado por dos cordilleras: la Central y la cordillera de Talamanca. Esta ciudad fue capital de Costa Rica en 1823.
Desde hace varios años Ricardo se dedica a la agricultura, específicamente a la producción de chile dulce. Logra vender sus productos a los vecinos de su comunidad quienes se muestran muy satisfechos con la calidad de este producto. En su caso particular, la demanda ha crecido ya que algunos restaurantes locales le compran también el chile .
Actualmente necesita obtener un microcrédito por ¢300.000 (trescientos mil colones), para comprar almácigo (plantas pequeñas) de chile dulce y extender su siembra, además necesita suministros para cuidar y proteger su cosecha de plagas y hongos.
Ricardo forma parte 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
  • 12
    View loans »
    Costa Rica Loans Fundraising
  • $4,059,650
    Funds lent in using Kiva
  • 498.4
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Ricardo to buy seed-beds (seedlings) of peppers.
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