Ángel has dedicated the last four years to raising cattle, with two purposes. His business consists of buying cattle for fattening and also dairy cattle. When his cattle reach the ideal weight, he sells them at the local markets, and with the milk they produce he makes products such as cheese, butter, milk custards, and other items, which he sells in his community. In order to grow his business and buy more cattle, he is requesting one million forty thousand Costa Rican colones (CRC 1,040,000). With this loan he will achieve his goals and earn a larger income.
Angel es un señor que se ha dedicado en los últimos cuatro años a crear ganado de doble propósito, su comercio consiste en comprar ganado de engorde y ganado lechero, luego de que su ganado obtiene el peso ideal lo vende en las ferias ganaderas locales y con la producción de leche elabora productos como queso, mantequilla, natilla y otros, los cuales vende en el comercio de su comunidad, para ampliar su negocio y comprar más ganado está solicitando un millón cuarenta mil colones (¢1.040.000), con este crédito logará sus metas y obtendrá mayores ingresos.
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.