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.
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.
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.
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