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María Cecilia
Cecilia is a single mother. She has fed her family with the small business that she has. She does tailoring for her neighbors, and with this she makes a minimum income in order to provide food for her family.

She currently needs to increase her income which is why she needs a loan of 1 million colones (Costa Rican currency) in order to purchase a sewing machine and materials and in that way contract another person who would help her do more tailoring and be able to have more income, in order to have a better quality of life.
View original language description ↓
Doña cecilia es una madre sola, ella a alimentado a su familia con el pequeño trabajo que tiene. ella realiza costuras a los vecinos y con esto logra tener un ingreso mínimo para darle de comer a su familia. Ella actualmente necesita aumentar los ingresos por lo que necesita un préstamo de un millón de colones (1.000.000) para comprar otra máquina de coser y materiales y así contratar a otra persona que le ayude a realizar mas costuras y poder tener mas ingresos para tener una mejor calidad de vida.

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

  • $12,900
    Average annual income
  • 37
    View loans »
    Costa Rica Loans Fundraising
  • $4,443,750
    Funds lent in using Kiva
  • 503.7
    Costa Rica Colones (CRC) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,000 helped María Cecilia to buy materials for a tailoring shop.
99% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 29, 2013
Listed
Oct 14, 2013
Currency Exchange Loss:
Possible
Ended:
May 28, 2015