Jacquelline is 42 years old and lives with her two children in the southern part of the country. Jaqueline’s home is severely deteriorated and it needs windows, work on the hallway and laundry room, floors, and part of the roof, among other things. She needs to repair it before the rainy season comes and her home leaks. She needs a loan of one million colones (¢1.000.000) so she can buy zinc metal sheeting, cement, stone, lumber, and other materials. Jaqueline says that getting this loan will make her very happy.
Jacquelline es una señora de 42 años de edad, vive con dos de sus hijos en la zona sur del país, la vivienda de Jacquelline está severamente deteriorada, le faltan ventanas, corredor, cuarto de pilas,pisos y cambiar parte del techo, entre otras cosas. Ella necesita reparla antes de que lleguen las lluvias ya que el agua entra al interior de su hogar cada vez que llueve. Necesita un crédito de un millón de colones (¢1.000.000) para comprar zinc, cemento, piedra, madera y otros materiales. manifiesta Jacquelline que obtener este crédito la hace sentir muy feliz.
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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.