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Randall

Update on Randall

Randall is a young farmer who's 23 years old. He's a family man and a father, and he lives in the southern area of the country. He's requesting a loan of ₡1.040.000 (one million and forty thousand colones) in order to purchase corn and bean seeds, fertilizer and fungicide so that he can protect his crops as they grow. He sells his produce in a business association of his community. With the profits he earns he supports his family and fulfills other financial obligations. He wishes to eventually become a bigger producer, to prosper and obtain better profits. That's why he works as hard as he can in his agriculture business.
View original language description ↓
Randall es un joven agricultor de 23 años de edad , padre de familia , vive en la zona sur del país. Está solicitando un préstamo de ₡1.040.000 (un millón cuarenta mil colones exactos), para la compra de semilla de maíz y de frijol , abono granular y fungicidas para proteger sus cultivos durante el desarrollo . El vende la cosecha en una asociación de la localidad y con los ingresos obtenidos mantiene a su familia y hace frente a otras obligaciones económicas, desea llegar a ser un productor grande, prosperar y obtener mayores ganancias, para ello hace el mayor de sus esfuerzos en la actividad agrícola .

Previous Loan Details

Randall is a very young farmer aged 23; he is already a family man and a father, and he lives in the southern area of the country, in Concepción de Pilas in the Puntarenas province. The local economy is based upon fishing and agriculture activities, such as growing tubers, coffee, corn and beans ... More from Randall's previous loan »

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.

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.

About Costa Rica

  • $12,900
    Average annual income
  • 37
    View loans »
    Costa Rica Loans Fundraising
  • $4,438,125
    Funds lent in using Kiva
  • 499.4
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,100 helped Randall to purchase corn and bean seeds and farming supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Dec 18, 2012
Listed
Dec 17, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013
This photo was used before for a previous loan for Randall. It was first posted on Kiva on May, 2012. Learn More