Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Partner Description

EDESA provides the poorest rural communities in Costa Rica with financial services for the development of productive activities that allow individuals to move out of poverty.


EDESA’s focus is on rural communities without access to financial services, lending to microentrepreneurs living in poverty. EDESA believes that individual and communal empowerment is an effective way to combat poverty. As such, they work to equip rural entrepreneurs with the tools and opportunities within their own community to access financial services at the right time and with the right conditions. EDESA funds activities ranging from agriculture and cattle farming to tourism and retail to small restaurants and tailoring shops. Geographically, EDESA works in more than 100 rural communities in all regions of Costa Rica.

Established in 2005, EDESA provides credit services to a network of “Empresas de Crédito Comunal” or Community Credit Enterprises (CCEs), established by FINCA Costa Rica. The CCEs are small, grassroots community-owned financial organizations formed by rural community members. This unique methodology works to ensure that each family helped actively participates in the CCE in their community. By being participants and owners of these organizations, the beneficiaries also educate themselves on financial and business issues, as well as improving their self confidence by participating and being able to make decisions in a community organization. Youth also participate in the CCEs, thanks to an educational program where they learn how to invest, about issues of finance and business, and prepare to become the future entrepreneurs in their communities. Please click here to read more about the CCEs in general and here for an example of a particularly successful CCE, including video footage of the community and some microentrepreneurs.

EDESA firmly believes in economic development through the family nucleus. In each community EDESA works together with men, women, and children. As of March 2011, the rate of on-time repayment for EDESA's entire portfolio is 99%.

To see a video of EDESA and their work in Costa Rica, please click here.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Feb 9, 2009 Oct 12, 2005
Total Loans $1,283,150 $700,959,625
Amount of raised Inactive loans $0 $502,850
Number of raised Inactive loans 0 311
Amount of Paying Back Loans $235,375 $133,111,525
Number of Paying Back Loans 150 150,071
Amount of Ended Loans $1,047,775 $567,345,250
Number of Ended Loans 897 706,085
Delinquency Rate 1.55% 7.73%
Amount in Arrears $2,098 $6,751,877
Outstanding Portfolio $135,288 $87,381,791
Number of Loans Delinquent 20 27,655
Default Rate 0.69% 1.12%
Amount of Ended Loans Defaulted $7,274 $6,327,222
Amount of Ended Loans $1,047,775 $567,345,250
Number of Ended Loans Defaulted 14 19,053
Currency Exchange Loss Rate 0.02% 0.23%
Amount of Currency Exchange Loss $209 $1,591,452
Refund Rate 2.49% 0.69%
Amount of Refunded Loans $32,000 $4,842,450
Number of Refunded Loans 30 5,332

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 48.02% 74.30%
Average Loan Size $1,221 $416
Average Individual Loan Size $1,221 $655
Average Group Loan Size $0 $1,844
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $11,100 $3,373
Average Loan Size / GDP per capita (PPP) 11.00% 12.35%
Average Time to Fund a Loan 6.48 days 6.22 days
Average Dollars Raised Per Day Per Loan $188.55 $66.92
  Average Loan Term 25.56 months 10.71 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 121 344,967
  Journaling Rate 13.21% 41.51%
  Average Number of Comments Per Journal 0.26 0.07
  Average Number of Recommendations Per Journal 4.09 1.61

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 19% PY 23.00% PY 32.11% PY
  Profitability (return on assets) 4.2% 0.5% -1.95%
  Average Loan Size (% of per capita income) 21.66% 28.00% 19.57%

Country Fast Facts

Field Partner Staff

Damaris Arguedas
Felipe Bolaños
Wagner Garita
Gustavo Guevara
Luis Jimenez
Maria Marta Padilla
Robert Ramirez
Mauricio Valverde