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Modesta
Modesta’s a hardworking mother. She lives very far from her place of work, a job that wasn’t at all easy to get. Because of problems in the community she has to travel every day for several hours.

She’s asking for a one-million, thirty-five thousand colon loan (1,035,000) to buy a motorcycle so that she can travel to and from work more easily. With this she hopes to get to work more quickly and take advantage of this opportunity that not too many people in the community have.
View original language description ↓
Doña Modesta es una madre trabajadora. ella vive a largas distancia de su trabajo el cual le ha costado mucho conseguir por problemas en la comunidad, por lo que tiene que viajar durante varias horas todos los días. Ella solicita un préstamo de un millón treinta y cinco mil colones (1.035.000) para comprar una motocicleta y así poder viajar a su trabajo con mayor facilidad. con esto pretende poder llegar mas rápido a su trabajo y aprovechar esta oportunidad la cual no todas las personas de la comunidad la tienen.

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.

Tags

About Costa Rica

  • $11,100
    Average annual income
  • 39
    View loans »
    Costa Rica Loans Fundraising
  • $4,168,700
    Funds lent in using Kiva
  • 504.0
    Costa Rica Colones (CRC) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,075 helped Modesta to buy a motorcycle.
48% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 26, 2013
Listed
Aug 13, 2013
Currency Exchange Loss:
Possible