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Martin
Martín V. A. is 42. He lives with his wife and 3 children: Gustavo, Jason, and Estiven. Don Martín makes a living through agriculture, and his whole family helps him a little during planting and harvesting seasons. The area where Martín lives is called El Sauce de Santa Teresita de Turrialba. It's a small rural community with 2,000 people. They are dedicated to agriculture and dairy operations. El Sauce has an irregular landscape, and much of the land is mantained as tropical forests. The community has very picturesque landscapes which combine the tropical forest with lovely lakes, coffee plantations, and dairy farms. El Sauce is approximately an hour and a half from Turrialba by bus, the closest city. Several times a year, the road becomes impassable because of the rains that fall in the area. This is without a doubt one of the biggest challenges for the community. When there isn't any work, the people choose to look for jobs in Turrialba or on banana farms located in the Atlantic region of Costa Rica.

Currently the prices of coffee and milk have improved, so the neighbors are looking to invest in projects in their area. Martín has 1.2 hectares, on which he plants different crops like corn, beans, plantains, and coffee. He has been dedicated to agriculture for 27 years. During this time, he has had seasons that have gone very well and others when he has had to battle problems such as bad prices or natual phenomenons that damage his crops. He obtained his land through a small loan. Previously he had to rent land to sow his crops.

Don Martín is a client of the Association of Producers in El Sauce, a local organization that is a member of the microfinance institution EDESA. Thanks to his connections with this organization, he has already obtained six microcredits, and all of them have been paid back satisfactorily. The amounts of the loans have increased from 100,000 colones (180 USD) to 250,000 (450 USD) colones. Currently don Martín needs a loan of 500,000 (900 USD) colones to purchase seeds and fertilizer.
View original language description ↓
Martín V. A. es un señor de 42 años de edad. Vive con su esposa y tres hijos: Gustavo, Jason y Estiven. Don Martín se dedica a la agricultura y toda su familia le ayuda un poco a la hora de la siembra y la recolecta de los cultivos.
La comunidad en la cual vive Martín se llama El Sauce de Santa Teresita de Turrialba. Es una pequeña comunidad rural de unos dos mil habitantes. Sus pobladores se dedican a la agricultura y a las lecherías. El Sauce tiene un relieve irregular y mucho del terreno se mantiene como bosque tropical húmedo. La comunidad tiene paisajes muy pintorescos que combinan el bosque tropical con dos lindas lagunas, plantaciones de café y lecherías. El Sauce se localiza aproximadamente a hora y media en bus de Turrialba, el centro de comercio más cercano, sin embargo varias veces al año, el camino se vuelve intransitable por las lluvias que caen en la zona. Este es sin duda uno de los principales desafíos para la comunidad. Cuando no existían actividades muchas personas optaron por salir a buscar trabajos en Turrialba o en fincas bananeras ubicadas en el Atlántico de Costa Rica. Actualmente los precios del café y la leche han mejorado por lo tanto los vecinos buscan cómo invertir en proyectos en la misma zona.
Con Martín tiene un pequeño terreno de 1.2 hectáreas en el cual siembra diferentes cultivos como maíz, frijoles, plátano y café. Él tiene 27 años de dedicarse a la agricultura. Durante ese tiempo ha tenido épocas en las que le va bien y otras en la que tiene que lidiar con problemas como malos precios de venta o fenómenos naturales que dañan sus cultivos. El terreno lo logró comprar con un pequeño préstamo. Anteriormente tenía que alquilar el terreno para sembrar.
Don Martín está solicitando un préstamo para comprar fertilizantes, semilla de frijol y semilla de maíz. Con esto espera lograr una buena cosecha que pueda vender y ayudar a salir adelante a su familia. La cosecha la espera vender en la misma finca.
Don Martín es cliente de la Asociación de Productores de El Sauce, una organización local socia de la microfinanciera EDESA. Gracias a su vinculación con esta organización ha obtenido ya 6 microcréditos y todos los ha cancelado satisfactoriamente. Los montos han ido incrementando desde los cien mil colones hasta los doscientos cincuenta mil colones. Actualmente don Martín necesita un préstamo por quinientos mil colones para comprar las semillas y el fertilizante.

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 Costa Rica

  • $11,100
    Average annual income
  • 25
    View loans »
    Costa Rica Loans Fundraising
  • $4,165,075
    Funds lent in using Kiva
  • 565.1
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Martin to purchase bean and corn seeds and fertilizers.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Mar 23, 2009
Listed
Mar 21, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2011