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Luis M. G. is a successful small businessowner from La Palma in Puerto Jimenez. His business is a general store called "Monterrey".

He started the business 2 years ago, and says it has been a complete success, but now it is time to take the next step as a businessman. Don Luis is therefore seeking a loan of 400,000 colones for the purchase of more products, that will permit him to enlarge and improve his business.

He is a member of the Raíces Capitales communal bank, one of over 100 such organisations associated with [the field partner] EDESA.
View original language description ↓
Luis M. G. es un exitoso microempresario de la Palma de puerto Jimenez. Su negocio es una Pulpería(tienda general) llamada “Monterrey”.
El tiene 2 años de haber iniciado su negocio, y asegura que ha sido todo un éxito, pero ya es hora de dar un paso adelante como micro empresario. Es por eso que Don Luis desea un préstamo de ₡400 000 (cuatrocientos mil colones) para la compra de mas producto que le permita ampliar y mejorar su negocio.
El es socio de la Empresa de Crédito Comunal Raíces Capitales, una de las más de 100 organizaciones socias de EDESA.

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
  • 13
    View loans »
    Costa Rica Loans Fundraising
  • $4,836,900
    Funds lent in using Kiva
  • 504.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Luis to buy groceries and cleaning products.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 3, 2010
Nov 26, 2010
Currency Exchange Loss:
Jan 19, 2013