Update on Juan BautistaJuan Bautista is a farmer with many years of experience in this field. He knows very well the process of harvesting corn and beans and the care that one must give to these products in order to obtain the best earnings possible. Since this is the best season for planting these grains he is asking for a loan of one million thirty five colones (¢1.035.000 - Costa Rican currency) in order to purchase seeds and insecticides for the maintenance and growth of his product. He family supports him with labor both in planting and at harvest, since they depend on this business for their subsistence.
Su familia lo apoya con la mano de obra tanto en la siembra como en la cosecha, ya que dependen de esta actividad para su subsistencia.
Previous Loan DetailsJuan Bautista lives in Puntarenas. He is very experienced in agriculture and he loves what he does. He has his own farm and wants to begin planting beans and corn, taking advantage of the climate and the demand during the season. In order to do this, he needs a loan of 750,000 colones for the ... More from Juan Bautista'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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