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Yensi
Yancy is a 23-year-old young person. She lives with her parents and four siblings, three who are minors, in a community called Osa, located in Caña Blanca, in the province of Puntarenas. This community is a much-visited rural area known for its beautiful beaches and wildlife. The main economic activities here are tourism and agriculture. Yency has a furniture-making workshop. She works here with her older brother. They make furniture for the home. Their furniture is popular in the community. They would like to expand their customer base to include other communities.
Yency is asking for a loan of seven hundred colones (c700,000) to be used to buy light manufacturing equipment, wood and other materials needed to continue with their furniture making business.
Yency is a member of the Communal Credit Business of Caña Blanca, one of the 150 member organizations of EDESA in Costa Rica. With this loan she would like to improve her personal and economic situation. Also, thanks to the organization and the ease of obtaining credit, she is able to reach new goals.
View original language description ↓
Yency es una joven de 23 años de edad, ella vive con sus padres y 4 hermanos, tres de los cuales son menores de edad, en la comunidad llamada Osa, localizada en Caña Blancal esto en la provincia de Puntarenas. Está comunidad se destaca por ser una zona rural muy visitada por sus hermosas playas y la gran variedad de vida silvestre, las principales actividades económicas son las turísticas y agropecuarias.

Yency tiene un taller de ebanistería y lo trabaja junto con su hermano mayor , ellos fabrican muebles para el hogar, los cuales han sido bastante acogidos por la comunidad y quieren extender su clientela a otros localidades.

Yency está solicitando un crédito de setecientos mil colones (¢700.000) para comprar una máquina lijadora , madera y otros materiales para seguir adelante con el proyecto de ebanistería

Ella es socia de la Empresa de Crédito Comunal de Caña Blancal, una de las 150 organizaciones socias de EDESA en Costa Rica. Con este préstamo espera crecer más a nivel personal y económico. También destaca que gracias a este tipo de organizaciones y medios facilitadores de crédito puede alcanzar mayores metas.

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
  • 26
    View loans »
    Costa Rica Loans Fundraising
  • $4,164,125
    Funds lent in using Kiva
  • 499.3
    Costa Rica Colones (CRC) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,425 helped Yensi to buy light manufacturing equipment and basic materials for her furniture-making business.
99% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 20, 2012
Listed
Aug 26, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 2, 2014