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Olman
Olman is 45 years old and the head of his household. He has put in his best efforts to complete his house, but his financial resources have not been sufficient to finish it. Olman is requesting a loan for 1 million Colones to purchase construction materials such as wood, zinc, nails, etc. which he will use to achieve his and his family's dream of completing their home. He is happy to be able to count on this type of loan.
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Olman es un señor de 45 años de edad, padre de familia. El ha hecho su mayor esfuerzo para construir su casa, pero los recursos económicos no han sido suficientes para concluirla. Olman está solicitando un crédito por un millón de colones (¢1.000.000)para comprar materiales de construcción como madera, zinc, clavos y otros , con lo cual cumplirá el sueño de su familia y el suyo propio que es terminar su casa. Está feliz de contar con este tipo de financiamiento.

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.

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Costa Rica

  • $11,100
    Average annual income
  • 11
    View loans »
    Costa Rica Loans Fundraising
  • $4,106,550
    Funds lent in using Kiva
  • 499.7
    Costa Rica Colones (CRC) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,025 helped Olman to purchase materials to complete his home.
70% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 29, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible