A loan of $1,000 helped to buy merchandise.

Deyanira Montero's story

Deyanira Montero J. is single mother who is 45 years old. She only had one son, and he is grown up and provides for himself. She lives in a small house where she also has her business, a small grocery store, where she sells basic products to her neighbors. The community in which she lives is called El Sauce de Santa Teresita de Turrialba. It is a small, rural town with two thousand inhabitants. They work primarily in milk production and coffee farming. It has a hilly topography and most of the area is maintained as tropical rainforest. The town has very picturesque landscapes that combine the tropical forest with pretty ponds, coffee plantations, and dairies.

El Sauce is located approximately one-and-a-half hours by bus from Turrialba, the nearest center of commerce. However, several times per year the road becomes impassible due to the rains. This is, without a doubt, one of the greatest challenges for the community. When there weren’t many jobs, many people chose to leave to look for work in Turrialba or in banana plantations located on the Atlantic coast of Costa Rica. Lately the prices of coffee and milk have improved, so now people from the area are looking for ways to invest in projects there. Deyanira began her business approximately one year ago. Her goal is to have economically feasible work so that she won’t have to emigrate to Turrialba to work as domestic help. She still can’t keep her business open as much as she would like because she doesn’t have enough capital to invest in all of the necessary merchandise. She explains that having the business in her home means she doesn’t have to pay rent or construct a building, which helps her move ahead with her business.

With the micro-loan she has requested, she hopes to buy more merchandise to sell and thereby grow the business and provide better service to her neighbors. Specifically, she will buy basic grocery goods, such as rice, beans, vegetables, canned goods, soft drinks, soap, and everything else that rural Costa Ricans typically need. Deyanira has commented that the service that she provides is very important because there is no other small grocery store in the area. She hopes the micro-loan will give momentum to her business and help her to collaborate with the community so that people won’t have to travel to Turrialbla to buy groceries.

Deyanira is a client of the Producers Assocation of El Sauce, a local partner organization of the microfinance organization EDESA. Because of her ties to this organization, she has obtained several micro-loans for her business, which she has repaid satisfactorily. The amounts have increased from US$200.00, to US$550.00, to US$600.00. She currently needs a loan of $1,000.00 to buy the merchandise that is necessary to grow her business.

Translated from Spanish by Kiva volunteer Jennifer Day

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