Update on MartinMartin is an entrepreneur from the community of El Sauce. He wants to obtain a loan for 850,000 colones to buy a vehicle to be able to transport his harvest, and seeds to his place of work in order not to have to contract people to do this work.
The purchase of this vehicle will allow him to have better income and reduce the cost of his production, and thus give his family a better quality of life.
la compra de este vehiculo le permitira poder tener mejores ingresos y reducir los costos de su produccion, y asi darle a su familia una mejor calidad de vida.
Previous Loan DetailsMartín V. A. is 42. He lives with his wife and 3 children: Gustavo, Jason, and Estiven. Don Martín makes a living through agriculture, and his whole family helps him a little during planting and harvesting seasons. The area where Martín lives is called El Sauce de Santa Teresita de Turrialba.... More from Martin'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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