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Magdaly is a young mother who, along with her husband, has the great task of raising her three children, and she is ready to do her part to pay the household expenses by setting up an area of her house to use as a beauty salon. There she tends to her customers, who are many because the service she gives them has been good and each one leaves satisfied with the service she has received. Magdaly is asking for a loan of one million Colones (¢1.000.000) so she can buy hair washing equipment, dryers, and various beauty products. With this she will be able to offer more options to her customers and obtain better earnings.
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Magdaly es una joven madre que junto con su esposo enfrenta la gran tarea de crear a sus tres hijos, dispuesta a colaborar con los gastos del hogar acondicionó una sector de su vivienda para utilizarlo como sala de belleza, ahí atiende a sus clientes que ya son bastantes pues le ha favorecido el buen trato que les brinda y la satisfacción que cada uno se lleva con el servicio que recibe. Magdaly solicita un millón de colones (¢1.000.000) para comprar equipo de lavado de cabello, secadoras y productos varios de belleza, con esto ofrecerá más opciones a sus clientes y obtendrá mayores ganancias.

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.

About Costa Rica

  • $12,900
    Average annual income
  • 57
    View loans »
    Costa Rica Loans Fundraising
  • $4,673,875
    Funds lent in using Kiva
  • 499.6
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,025 helped Magdaly to buy beauty products.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Apr 30, 2013
May 4, 2013
Currency Exchange Loss:
Jul 4, 2014