For several years, Ricardo has been noted in his area as a very hard-working and entrepreneurial man. His small business has helped his family's living conditions improve considerably. However, his earnings are not sufficient to carry out this project. He says that being able to provide people with a good service and meet their demands are the basis of his motivation to continue working.
Ricardo currently needs a loan for 600,000 colones to buy building supplies with which to improve his house. In this way, he hopes to provide his family with a decent home.
Ricardo is a member of the San Cristóbal Norte Community Loan Company (SACRIN), one of EDESA's 110 member organizations in Costa Rica.
Desde hace varios años que don Ricardo es reconocido en la zona por ser un hombre muy trabajador y emprendedor. Su microempresa ha ayudado a que la condición de vida de su familia haya mejorado considerablemente, sin embargo su salario no es suficiente para realizar este proyecto. Dice que el poder brindar un buen servicio a las personas y cumplir con sus exigencias, son la base de motivación para continuar.
Actualmente don Ricardo requiere un préstamo de ¢600.000 (seiscientos mil colones) para la compra de materiales de construcción para mejorar su vivienda. Con esta espera darle un techo digno a su familia.
Don Ricardo es socio de la Empresa de Crédito Comunal San Cristóbal Norte (SACRIN), una de las 110 organizaciones 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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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