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Próspero

Update on Próspero

Próspero, 68, is from a rural community in Costa Rica called San Cristóbal located 45 kilometers south of San José. San Cristóbal is a slightly mountainous region where activities like commerce, vegetable farming, coffee growing, crafts and animal husbandry, among others take place.

Próspero has worked in agriculture for many years, specifically growing and harvesting coffee one of the zone’s most widespread activities. He’s a very hardworking, enterprising man. He lives with his wife and two children who are of great help to him in his daily chores.

He’s currently requesting a five-hundred-thousand (¢500.000) colon loan to buy farm supplies like insecticide, herbicide, manure and others. With this loan he’ll be able to care for his coffee plants and will obtain good quality coffee which will lead to economic profits and improved quality of life. Próspero is a member of the “San Cristóbal Norte (SACRIN) communal bank one of Edesa’s 150 member organizations in Costa Rica.
View original language description ↓

Próspero es un señor de 68 años de edad, vecino de una comunidad rural de Costa Rica situada 45 kilómetros al sur de San José llamada San Cristóbal . San Cristóbal es una zona ligeramente montañosa donde se desarrollan actividades como el comercio, agricultura de hortalizas, café, artesanía, ganadería entre otras.
Desde hace varios años don Próspero se dedica a la agricultura, específicamente a siembra y cosecha de café una de las mayores actividades de la zona, es un hombre muy trabajador y emprendedor. Vive con su esposa y sus dos hijos quienes le son de mucha ayuda en las labores diarias . Actualmente está solicitando un crédito de quinientos mil colones (¢500.000) para comprar insumos agrícolas como plaguicidas, herbicidas, abonos y otros. Con este crédito dará mantenimiento a su cafeto, obtendrá café de buena calidad y económicamente saldrá adelante y mejorará su calidad de vida.
Don Próspero es socio de la Empresa de Crédito Comunal San Cristóbal Norte (SACRIN), una de las 150 organizaciones socias de EDESA en Costa Rica

Previous Loan Details

Prospero Coredero O., 66, lives with his wife and 2 children in a community named San Cristobal Norte. It is in a fairly mountainous area where people engage in things like business, agriculture, and coffee. Mr. O. has dedicated his entire life to growing all types of vegetables and produci... More from Próspero's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Costa Rica

  • $11,100
    Average annual income
  • 62
    View loans »
    Costa Rica Loans Fundraising
  • $4,316,600
    Funds lent in using Kiva
  • 499.5
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Próspero to buy farm supplies.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 22, 2012
Listed
Sep 24, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 18, 2013