Stories tagged with Costa Rica

Nov 11, 2009 CR Costa Rica

Alana Solimeo, KF9, Costa Rica

I realized after letting the excitement of Kiva, Costa Rica, and research topics (exhibited in previous post Rice, Beans and an Inspired Hypothesis) settle that I might want to take a step back.  The thing is I hit the ground running here, thanks to the great work of my predecessor Kiva Fellow, the fact that EDESA really is on top of their game, and the enthusiastic charge with which I like to begin things that earned me my nickname Eager Beaver.

As ready as I think I am...

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Oct 10, 2009 CR Costa Rica

By Karl Baumgarten, KF9, Costa Rica

In the last 5 years, financial innovation has spread rapidly to the field of microfinance. What previously was better coined micro-credit is starting to live up to its name, with more and more MFIs starting to offer a full gambit of financial services: microinsurance, microsavings, remittances and others. Technology is enabling these products to spread faster and further. But just what are the impacts of these products and how can we be sure that microfinance is really doing all that its rosy image implies? One increasingly popular method...

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Oct 10, 2009 CR Costa Rica

By Alana Solimeo, KF9 Costa Rica

After six months of subsisting on rice and beans while living in Boulder, Colorado, in order to save scrupulously in hopes of being invited to the Kiva Fellows Program, where do I stand?  In San Jose, Costa Rica…eating nothing but rice and beans.  I am finally here and don’t let that intro fool you; I’m exactly where I want to be.  Three days into the fellowship and I already have my two favorite things planned: a weekend beach trip and a research topic! (No, I’m not a student just a serial nerd.)
I have been placed...

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Oct 10, 2009 CR Costa Rica

By Karl Baumgarten, KF9 Costa Rica

After a rainy welcome to San Isidro del General yesterday, I was pleasantly surprised by sunshine and smiles for my first day at FUDECOSUR, an MFI working in the impoverished districts of Southern Costa Rica. With my Spanish struggling but my effort appreciated, the staff welcomed the new face around the office that promised to bring more work to their already hectic schedules. FUDECOSUR is currently poised at an interesting time during their pilot partnership with Kiva. They are perhaps days away from posting their first loans to Kiva,...

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Jul 7, 2009 CR Costa Rica

By Megan Tatman Montgomery, KF8 Costa Rica

Microfinance involves a tremendous amount of legwork.  While Kiva is all about facilitating connections between borrowers and lenders, it’s important to recognize the hard work of those in the field that make sure your money gets to microentrepreneurs that need it the most.  Here is a brief glimpse into EDESA, Kiva’s field partner in Costa Rica, with a little more about how the organization works and the people that are working hard to alleviate poverty in Costa Rica.

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Jun 6, 2009 CR Costa Rica

As I described in a previous blog post, EDESA (Kiva’s field partner in Costa Rica) works with a network of Community Credit Enterprises (ECCs by their Spanish acronym).  To reiterate a bit, the ECCs are small, grassroots microfinance organizations formed by rural community members.  FINCA Costa Rica provides extensive training in these communities to teach members how to work together to create and run a profitable business that provides financial services among other things.  I recently visited one of the oldest and largest ECCs, La Asociación de Productores de El Sauce (The Association...

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May 5, 2009 CR Costa Rica

I’ve just arrived at my fourth and final placement as a Kiva Fellow.  Less than two weeks ago I was wrapping up work with ADEPHCA in Nicaragua and, following a week of whirlwind travel through southwestern Nicaragua, I arrived to start my first week with EDESA in Costa Rica.  Based on initial impressions, ADEPHCA and EDESA have very little in common other than the fact they are both identified by somewhat confusing acronyms and are both quite small organizations in the world of microfinance.  But that is where the similarities end.  ADEPHCA is based out of Bluefields, Nicaragua: a town of...

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