Nidia lives in a rural area in the north of the capital. Here, like in most of the country, the rains have started and this worries Nidia. The roof of her house is damaged and the water is filtering through the walls and the flat roof. Moreover, Nidia needs to do urgent repairs in most of her house and so needs one million Colon in order to buy materials such as cement, sand, zinc, wood and more. She can then start the work before the rains get worse. Nidia is very grateful and happy to be able to count on this financial opportunity.
Nidia vive en el sector norte de la capital, en zona rural, en este lugar como en la mayor parte del país ya iniciaron las lluviaa, lo que la tiene muy preocupada, pues el techo de su casa está muy deteriorado y el agua se filtra por paredes y cielo raso, además necesita hacer varias reparaciones urgentes en la mayor parte de su vivienda, necesita un millón de colones (¢1.000.000) para comprar materiales como cemento , arena , zinc, madera, etc, e iniciar el trabajo de restauración antes de que aumenten las lluvia, manifiesta Nidia su agradecimiento y felicidad que le causa el poder contar con esta oportunidad de financiamiento
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.