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Seydy M. Suarez is a 30 year-old woman. She is a signle mother who lives with her 10 year-old son in a community named Santa Fe located in Los Chiles in the Alajuela province. The community is known for being a mountainous zone near the northern border of the country. Her principal economic activities are livestock and agriculture, specifically the planting of basic grains, sugar cane, and oranges.

A year ago, Ms. Seydy decided to start her own business, so she opened a boookstore. She thinks it was a good idea because there was no bookstore in her community and the local students had to travel hours on bike to get their materials for school. She assures her business improved the quality of life for her and her son. She believes it is time to move forward and enlarge her store.

Currently, she needs a loan of ¢665000 (six hundred sixty-five thousand colones) to buy more books to stock her bookstore. This will allow her to offer greater and better services that will be able to satisfy the needs of the community, particularly the students.

Ms. Seydy is a member of the community bank Manantial in Santa Fe, one of the 100 member organizations of EDESA in Costa Rica. This will be her first loan and with it she hopes to grow on a personal and economic level. She also stresses that thanks to these types of organizations and means of facilitating loans can help many single mothers be successful small businesswomen.
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Seydy M. Suarez es una señora de 30 años de edad la cual es una madre soltera que vive con su hijo de 10 años en una comunidad llamada Santa Fe localizada en Los Chiles, provincia de Alajuela; está comunidad se destaca por ser una zona montañosa y por estar muy cerca de la frontera norte de nuestro país. Sus principales actividades económicas son la ganadería y la agricultura específicamente se da la siembra de granos básicos, caña de azúcar, naranja.

Doña Seydy decidió hace año un tener su propio negocio es así como inicio con una librería, considera que fue una buena idea ya que no había ninguna en su comunidad y los estudiantes tenían que viajar en Bici varias horas para poder adquirir sus materiales. Asegura que su negocio le ayudado a mejorar su calidad de vida y la de su hijo. Ella considera que es hora de dar un paso adelante y hacer más grande su librería.

Actualmente ella necesita un préstamo por ¢665000 (seiscientos sesenta y cinco mil colones) para comprar más libros para abastecer su librería y así brindar más y mejores servicios que puedan satisfacer las necesidades de los habitantes de la comunidad en especial los estudiantes.

Doña Seydy es socia de la Empresa de Crédito Comunal Manantial de Santa Fe, una de las 100 organizaciones socias de EDESA en Costa Rica. Este será su primer préstamo y con él espera crecer más a nivel personal y económico. También destaca que gracias a este tipo de organizaciones y medios facilitadores de crédito pueden ayudar a muchas madres soltera a ser exitosas como microempresarias.

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

  • $12,900
    Average annual income
  • 8
    View loans »
    Costa Rica Loans Fundraising
  • $4,836,900
    Funds lent in using Kiva
  • 561.5
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Seydy buying books and improving store.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Apr 5, 2010
Mar 25, 2010
Currency Exchange Loss:
Apr 19, 2013