A little over 2 years ago, Oldemar decided to open his own store. Demand has grown so much that he needs to expand the premises and have more merchandise available. This is why he is requesting a loan of 500,000 colons to buy merchandise such as costume jewelry, stationary store supplies, shoes and home products.
He is a member of the Bancruce Communal Bank, one of EDESA’s 110 social enterprises in Costa Rica.
Hace un poco mas de 2 anos Oldemar decidió abrir su propia tienda, la demanda ha crecido tanto que ya necesita agrandar el local y tener mas mercadería disponible. Es por eso que el solicita un préstamo de ₡500 000 (quinientos mil colones) para la compra de mercadería bisutería, artículos de librería, zapatos y línea de hogar.
El es socio de la empresa de Crédito Comunal Bancruce una de las 110 empresas socias de EDESA en Costa Rica.
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.
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