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Fernando
Fernando, 61, lives with his wife in the community of Santa Teresita in Turrialba Canton located in Cartago Province. The city of Cartago was the capital of Costa Rica until 1823 and it’s noted for its characteristic two mountain ranges: Central and Talamanca. Its climate is cold most of the year due to the two volcanos, Irazú and Turrialba, nearby.

Fernando works as a gardener in his community and in neighboring communities. To do his work efficiently he needs to buy a lawnmower so that he can increase his clientele and carry out his work more quickly. He’s asking for a 300,000 colon loan (¢300.000) to buy this tool.

Fernando is a member of the El Sauce de Santa Teresita de Turrialba communal bank, one of the 110 EDESA member organizations in Costa Rica. This will be his first loan and he hopes to reach his objective with it.
View original language description ↓
Fernando es un señor de 61 años de edad y vive con su esposa 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.
Fernando trabaja limpiando jardines en su comunidad y en comunidades aledañas, para realizar este trabajo con eficiencia necesita comprar una máquina para cortar zacate , de esta manera podrá tener mayor clientela y desarrollar esta actividad con mayor rapidez. El está solicitando un crédito por trescientos mil colones exactos (¢300.000) para adquirir esta herramienta.
Fernando forma parte de la Empresa de Crédito Comunal El Sauce de Santa Teresita de Turrialba, una de las 110 organizaciones socias de EDESA en Costa Rica. Este será su primer crédito y con él espera logra su objetivo.

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
  • 57
    View loans »
    Costa Rica Loans Fundraising
  • $4,320,650
    Funds lent in using Kiva
  • 499.5
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Fernando to buy a lawnmower.
100% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 28, 2012
Listed
Sep 6, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 6, 2014