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Henry is a young man who lives with his family in the community fo Santa Teresita, in Turrialba region located in the province of Cartago. The city of Cartago was the capital of Costa Rica until 1823. It is known for its mountainous terrain formed by two mountain ranges: the Central, and the Talamanca. Its weather is cold the majority of the year because of the two nearby volcanoes, Irazú and Turrialba.

Henry works several miles from his home and needs a form of transportation to travel to work. He was given the opportunity to purchase a motorcycle, which he would also use on the weekends to offer his services to different restaurants for fast food delivery. He believes that with the help that the community bank offers, little by little he and his family will improve their quality of life.

To achieve his goal, Henry requests a loan of eight hundred fifty thousand colones (¢850.000.00). So, he will purchase the motorcycle and at the same time increase his profits with the extra work he will do on the weekends.

Henry is a member of the El Sauce de Santa Teresita Turrialba community bank, one of the 150 EDESA member organizations in Costa Rica.
View original language description ↓

Henry es un joven que vive con su familia en la comunidad de Santa Teresita, en el cantón de Turrialba ubicado en la provincia de Cartago. La ciudad de Cartago fue capital de Costa Rica hasta 1823, se caracteriza por tener un relieve montañoso formado por dos cordilleras: la Central y la cordillera de Talamanca, su clima es frío la mayoría del año consecuencia de los dos volcanes que posee llamados Irazú y Turrialba.
Henry trabaja a varios kilómetros de distancia de su casa, y necesita un medio de transporte para trasladarse a su trabajo, se le presentó la oportunidad de adquirir una motocicleta la cual usaría también los fines de semana para ofrecer sus servicios en diferentes restaurantes en la entrega de comidas rápidas , considera que con la ayuda que le brinde la empresa de crédito comunal, él y su familia mejoraran poco a poco las condiciones de vida .
Para lograr su objetivo Henry solicita un microcrédito de ochocientos cincuenta mil colones (¢850.000.00), de esta manera comprará la motocicleta y a la vez aumenta sus ingresos con el trabajo extra que realizaría los fines de semana.
Henry es socio de la Empresa de Crédito Comunal de El Sauce de Santa Teresita Turrialba, una de las 150 organizaciones socias de EDESA en Costa Rica.

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
  • 11
    View loans »
    Costa Rica Loans Fundraising
  • $4,836,900
    Funds lent in using Kiva
  • 498.4
    Costa Rica Colones (CRC) = $1 USD
A loan of $1,725 helped Henry to purchase a motorcycle.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Aug 16, 2012
Aug 25, 2012
Currency Exchange Loss:
Sep 24, 2012