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Michael
Michael is 42 and lives with two of his children. His house is in extremely poor condition. Among other things, it needs windows, hallway, laundry room, floors, and part of the roof needs replacement.

He needs to repair it before the rains come, as the water comes into the interior of his home every time it rains. He needs a loan of 1 million colons so that he can buy sheet metal roofing, cement, stone, wood and other materials. Obtaining this loan makes him feel very happy.
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Michael es un señor de 42 años de edad, vive con dos de sus hijos, la vivienda d 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. Obtener este crédito le hace sentir muy feliz.

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 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.

Tags

About Costa Rica

  • $12,900
    Average annual income
  • 25
    View loans »
    Costa Rica Loans Fundraising
  • $4,365,675
    Funds lent in using Kiva
  • 500.1
    Costa Rica Colones (CRC) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,000 helped Michael to buy construction materials for his home.
68% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 14, 2013
Listed
Jun 5, 2013
Currency Exchange Loss:
Possible