Update on GilberGilber is a 25 year old young man, and he is a farmer. He lives with his parents in an area in the southern part of the country.
He is requesting a loan for six hundred thousand colones (¢600.000) in order to buy bean seeds, granular fertilizer, and fungicides to protect his crops while they are growing
He sells his harvest at the local gathering center. This way he helps his parents, covers his educational expenses, and meets his other financial obligations.
He indicates that he would like to become a big producer. In order to do so he puts his best effort into this business activity.
Previous Loan DetailsGilber is a young agricultural worker of 25 years of age, single, and lives with her parents in the Southern region of the country, located in Concepción de Pilas in the province of Puntarenas. The local economy is based on farming and agriculture, where there is planting of root vegetables, coff... More from Gilber's previous loan »
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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid