Juan María needs to repair his vehicle as it's the only means by which he makes a living, transporting the community's people from one place to another. He is requesting a loan for six hundred thousand colones (¢600.000) to buy the vehicle's spare parts and paint it. This is so that he can continue offering this service since with this it guarantees an income to cover his basic necessities.
Juan María is a member of the Empresa de Crédito Comunal de Cartagena (Communal Loan Business of Cartagena), one of the 150 member organizations of EDESA in Costa Rica. He is very happy because he found an excellent form of financing in order to repair his vehicle and continue working.
Juan María necesita reparar su vehículo, ya que es el único medio con el que él se gana la vida transportando personas de la comunidad de un lugar a otro . El está solicitando un crédito por seiscientos mil colones (¢600.000) para comprar los repuestos del vehículo y pintarlo para continuar dando este servicio ya que con esto se garantiza un ingreso para cubrir sus necesidades básicas.
Juan María es socio de la Empresa de Crédito Comunal de Cartagena, una de las 150 organizaciones socias de EDESA en Costa Rica. Y está muy feliz porque encontró una excelente forma de financiamiento para reparar su vehículo y continuar trabajando.
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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