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Ulises

Update on Ulises

Ulises is a farmer with a lot of experience working with corn and beans. He uses his income to take care of his family. In the south where he lives, this is the best time for harvesting his crop, which is why Ulises is requesting a loan of 400,000 CRC to purchase corn and bean seeds and agricultural supplies. He is happy to have access to quick and convenient credit.
View original language description ↓
Ulises es agricultor con mucha experiencia, labora en la siembra de maíz y frijol, mediante esta actividad obtiene ingresos que le permiten mantener a su familia, en la zona donde vive al sur del país se cultiva este producto y esta es la mejor época del año para cosecharlo, por lo cual Ulises solicita un préstamo de cuatrocientos mil colones (¢400.000)con el comprará semillas e insumos agrícolas para proteger su cultivo durante el desarrollo, manifiesta estar feliz de poder contar con crédito rápido y cómodo.

Previous Loan Details

Ulises is a 54-year-old farmer and father who lives in the southern part of the country, in Concepción de Pilas, in Puntarenas province. The local economy here is based around farming and livestock raising. In particular, people grow tubers, coffee, corn and beans, and raise livestock. Ulise... More from Ulises'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
  • 25
    View loans »
    Costa Rica Loans Fundraising
  • $4,365,675
    Funds lent in using Kiva
  • 499.5
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Ulises to purchase corn and bean seeds and agricultural supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 12, 2013
Listed
Feb 13, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013
This photo was used before for a previous loan for Ulises. It was first posted on Kiva on Jun, 2012. Learn More