Juan Diego is the father of two children. He works in carpentry, specifically in making furniture, a business that generates his only family income. Juan Diego's furniture and designs have attracted many customers, and so he needs to buy more wood, varnishes, paints, and other materials to continue with his projects. The loan that he is applying for is for 350,000 colones. With this money he will buy these materials and he will forge ahead until he reaches his goal, which is to offer his products in businesses in the capital.
Juan Diego es padre de dos niños, se dedica a la ebanistería, concretamente a la fabricación de muebles, actividad que le genera el único ingreso familiar. Los muebles y diseños de Juan Diego han atraído mucha clientela por lo que necesita comprar más madera, lacas, pintura y otros materiales para continuar con su proyecto. El crédito que está solicitando es por trescientos cincuenta mil colones (¢350.000) con este dinero comprará estos materiales y seguirá adelante hasta lograr su meta que es ofrecer su producto en los comercios capitalinos.
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.