Update on ElvinElvin has had a business producing and selling milk and cheese for 3 years; this is how he generates income for his family. He says that he is very content because thanks to this project he has been able to get ahead. He comments that he sells his milk to a cheese factory which is owned by the Milk Producers Association of El Sauce.
Elvin is requesting a loan for the sum of 500,000 Costa Rican colones that he will use to buy another dairy cow and in this way increase his milk production. He knows that having another cow will be a big sacrifice because it will require more work. However, he wants to become a successful businessman and get ahead with his family, improving their living conditions. This motivates him to work hard and with great care and dedication.
Don Elvin solicita un crédito por un monto de ¢500.000 (quinientos mil colones) para comprar una vaca lechera más y así aumentar la producción de leche. El sabe que contar con una vaca más es un mayor sacrificio y demandará más trabajo. 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 y dedicación.
Previous Loan DetailsElvin M. M., 64, lives with his mother, wife, and son. Elvin lives in the El Sauce de Santa Teresita Turrialba community in the Cargao province. It is a small rural community with approximately two thousand inhabitants. The community members work at milk production and planting coffee. The… More from Elvin'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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