Ademar needs to augment coffee production. That's why he is borrowing 600,000 colons, to buy small coffee plants and inputs so that he can maintain his plantings.
Each member of his numerous family collaborates in the entire process, from sowing to harvesting. Family expenses are very large, and as a result, all the members devote all their efforts to helping their father in this activity. Each year, Ademar sows new plants so that his coffee grove will be renewed. He feels he has found a grand opportunity for growth and a means of obtaining accessible credit for persons like him who need this type of financial aid.
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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Success!! The loan was 100% repaid