Nelson has two children. He provides the only income in the home. He works hard to achieve his goals. Right now his priority is to repair his home, as the rainy season has arrived and he needs to change part of the roof, waterproof the walls, and put in pavement. For this purpose he is requesting a loan of one million Colones (¢1.000.000). He will use this money to purchase zinc panels, wood, waterproofing, cement, etc. Nelson is thankful for this loan opportunity because with this support he will be able to achieve his proposed goals.
Nelson es padre de dos hijos, su ingreso es único en su hogar, trabaja fuertemente para alcanzar sus metas, en este momento tiene como prioridad la reparación de su vivienda, ya que la época de lluvia ya llegó y necesita cambiar parte del techo, impermeabilizar paredes, hacer aceras, para esto solicita un millón de colones (¢1.000.000)con este dinero comprará zinc, madera, impermeabilizante, cemento, etc. Nelson agradece la oportunidad del financiamiento comunal pues con este apoyo puede cumplir con las metas propuestas .
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.