A loan of $1,200 helped purchase three heads of cattle & materials for making improvements to his corral.


Francisco's story

Francisco López Chavarría is a 42 year old gentleman who lives with his wife and daughter in the community of Canalete, which is located in the town of Upala in Alajuela Province. This place is semi-mountainous and the local business activities are mostly livestock breeding and agriculture. The community provides a great opportunity for developing and establishing microenterprises in the agriculture and retail sectors.

Don Francisco and his family have always engaged in livestock breeding for the purposes of producing meat and milk. He says this is a very good business to be in since there is high demand in the community. Today his products sell at a good price, especially the milk. Thanks to this business, he says he has the chance to send his daughter to college.

At the moment, Don Francisco wants to obtain a microloan in the amount of 618,000 CRC so that he can buy three heads of cattle for meat and milk production. He will also buy materials needed for improving the conditions of his corral, including wire and grass seeds.

Don Francisco is a member of the Canalete Communal Credit Enterprise, one of 100 member organizations that make up EDESA in Costa Rica. This will be his first loan and he hopes to continue growing personally and financially. He also plans to be an active participant of his local credit organization.

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Translated from Spanish by Kiva volunteer Ronan Reodica



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