Luis is 48 years old and, for a number of years, has been making a living sowing and harvesting coffee. He is very hard-working and enterprising and, with his work, his family's living conditions have improved considerably. Luis is applying for a loan of one million colons in order to buy coffee seedlings (small plants), and agricultural supplies such as pest-control substances, herbicides and manure. Luis plans to use this loan to improve the quality of his product and, of course, his income.
Luis es un señor de 48 años de edad, dedicado desde hace varios años a la siembra y cosecha de café, es un hombre muy trabajador y emprendedor. Con su trabajo ha ayudado a que la condición de vida de su familia haya mejorado considerablemente, solicita un crédito de un millón de colones (¢1.000.000) para comprar almácigo de café (plantas pequeñas en desarrollo)insumos agrícolas como plaguicidas, herbicidas, abonos y otros. Con este crédito pretende mejorar la calidad del producto y por supuestos sus ingresos económicos.
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.