Update on PorfirioPorfirio, 47, is the father of six children, all underage. He buys and raises cattle for meat and milk production. Thanks to God, this activity allows him to sustain his family and cover the home expenses.
He is requesting a loan of 1,040,000 colones [CRC] to continue developing his project.
Porfirio tiene 47 años de edad, es padre de 6 hijos todos menores de edad, se dedica a comprar y criar ganado para engorde y para producir leche, esta actividad gracias a Dios es la que permite el sustento de su familia, y el pago de otras obligaciones del hogar. Está solicitando un préstamo por un millón cuarenta mil colones (¢1.040.000)
para continuar desarrollando su proyecto ganadero..
Previous Loan DetailsMy name is Porfirio, I'm 46 years old. I am the father of 6 children, all young. I work purchasing and raising cattle to fatten and for the production of milk. Thanks to God, this work is what allows the sustenance of my family and the payment of other household expenses. I am requesting a loan… More from Porfirio's previous loan »
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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
About Costa Rica
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This loan has been fully funded!
- Repayment Term
- 27 months (Additional Information)
- Repayment Schedule
- Jun 24, 2013
- Jun 26, 2013
- Currency Exchange Loss:
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.