Cecilio lives with his wife and their six children in the northern area of the country. He works in agriculture, which is sector that's developing the most in the area. Most of these farmers sell their goods to local stockpile centers, as is the case for Cecilio. He has decided to increase his income by extending the area of the his cultivated land for which he needs a loan of 500,000 Costa Rican Colóns. With this, he will buy corn seeds and the supplies for the growth of his product. He is pleased with the ease through which he acquired funding, and he is grateful for this opportunity.
Cecilio vive con su esposa y sus seis hijos en la zona norte del país, se dedica a la agricultura, que es la actividad que más se desarrolla en la zona, la mayoría de estos agricultores venden sus productos a centros de acopio locales como lo es el caso de Cecilo, quien se ha propuesto aumentar sus ingresos, extendiendo el área de siembra,para lo cual necesita un crédito por quinientos mil colones (¢500.000)con lo que comprará la semilla de maíz y los suministros para el desarrollo del producto, se siente contento de la facilidad con la que adquirió el financiamiento y agradece esta oportunidad.
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.