Luis works inseminating the cattle in his barn to breed better calves that will increase milk production. He also offers this service to local ranchers. He needs to buy a semen storage tank for artificial insemination, and for this reason he is requesting a loan of one million, forty thousand colons (¢1.040.000 ). With this money he will be able to develop his artificial insemination project and offer his services to more ranchers who are demanding it. He also needs to make more profits to be able to breed better quality cattle and improve his quality of life.
Luis se dedica a inseminar el ganado de su establo para lograr mejores crías que aumenten la producción de leche, también ofrece este servicio a los ganaderos locales, necesita comprar un termo de inseminación artificial, por lo que solicita un millón cuarenta mil colones (¢1.040.000 ) con este dinero logrará desarrollar su proyecto de inseminación artificial y atender a más ganaderos que solicitan sus servicios en este campo, además de lograr mejores ganancias a partir de obtener ganado de mejor calidad.
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.