Gisela is a hardworking woman who has gotten ahead through her own effort. She is the mother of two children and doesn’t have any other source of income, other than the one generated though her sales of clothing and shoes. She sells door to door and has formed an important set of customers in various communities. Demand for her products has increased and she is asking for a loan of one million Colones (¢1.000.000) so she can buy merchandise and meet her customer demand. She says that she is grateful about this type of communal financing.
Gisela es una mujer muy trabajadora con esfuerzo propio ha salido adelante, es madre de dos hijos y no tiene ningún otro ingreso más que el que genera por medio de la venta de ropa y zapatos que realiza de casa en casa. Ya ha formado una importante cartera de clientes en varias comunidades y la demanda de artículos ha aumentado, por eso está solicitando un crédito por un millón de colones (¢1.000.000) para comprar mercadería y cumplir con los pedidos de sus clientes. Ella nos comenta lo agradecida que está con este tipo de fiannaciamiento comunal.
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.