Update on José AndreiJose Andrei lives in Cartago, Costa Rica. He has more than six years of working with dairy cattle. Dairy is one of his passions and this is why he wants a loan of 500,000 (five hundred thousand colones) to buy a dairy cow, with which he can begin his dairy project.
He knows that an additional cow requires a lot of work and sacrifice for both himself and his mother, who helps him with the work. Still, his desire to run his own successful business and continue to improve the quality of life for his family are a great motivation for him.
El sabe que contar con una vaca más es un mayor sacrificio y demandará más trabajo tanto para él como para su madre, con quien comparte las labores. Sin embargo, el deseo de ser un microempresario exitoso y sacar adelante a su familia mejorando las condiciones de vida, lo motiva a esforzarse con gran esmero.
Previous Loan Details
Jose is a young man of 21 years, he is still single and lives with his mother. The community where Jose lives is called El Sauce de Santa Teresita de Turrialba, in the province of Cartago. It's a small rural community with approximately 2000 residents. The people of the community work… More from José Andrei's previous loan »
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.
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Success!! The loan was 100% repaid