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Arnold
Arnold is 21 years old, single and has a son who is his top priority. He has four hectares of country property where he grows coffee. He has been working on this property for several years. He wants to buy fertilizer and pay workers so that the coffee is well prepared for the next harvest. This is the first loan that he has received from FUDECOSUR. He hopes to harvest more in order to supplement his income and to be able to cover the costs of basic needs with his mother.

About FUDECOSUR:
The Foundation for the Development of Southern Communities is dedicated to economically empowering its clients by providing credit and capacitating programs to improve living conditions of micro-entrepreneurs and their children across Southern Costa Rica. You can obtain more information on FUDECOSUR from the website: FUDECOSUR.org
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Arnold, tiene la edad de 21 años, es soltero, y tiene 1 hijo que es su mayor prioridad. El tiene una finca de 4 hectarias donde cultiva cafe. Tiene varios años que se dedica a su finca y quiere crecer. El quiere comprar de abone, pago de peones y asistencia de cafe para que el cafe se prepare bien para la proxima cosecha . Es el primer préstamo que ha recibido de FUDECOSUR. El tiene el deseo a lograr que coseche mas para aumentar sus ingresos y poder cubrir asi sus necesidades basicas con su madre.
About FUDECOSUR:
The Foundation for the Development of Southern Communities is dedicated to economically empowering its clients by providing credit and capacitating programs to improve living conditions of micro-entrepreneurs and their children across Southern Costa Rica. You can obtain more information on FUDECOSUR from the website: FUDECOSUR.org

Additional Information

More information about this loan

FUDECOSUR works in one of the poorest regions of Costa Rica, where microfinance institutions (MFIs) are scarce or have a hard time keeping up with demand for small loans. By providing mostly agricultural loans, FUDECOSUR reaches rural borrowers that many MFIs consider to be too risky. However, this has also made it more difficult for the organization to find stable sources of capital to lend. Kiva's flexible, risk-tolerant capital plays a critical role in helping FUDECOSUR grow its portfolio and support even more borrowers.

About FUDECOSUR:

The Foundation for the Development of Southern Communities (FUDECOSUR) is dedicated to economically empowering its clients by providing credit and training programs that help improve living conditions for micro-entrepreneurs and their children across Southern Costa Rica. You can learn more about this Field Partner at fudecosur.org.

About Costa Rica

  • $12,900
    Average annual income
  • 26
    View loans »
    Costa Rica Loans Fundraising
  • $4,365,675
    Funds lent in using Kiva
  • 565.4
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Arnold supplement the coffee, buy fertilizer and pay workers.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 7, 2009
Listed
Dec 14, 2009
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2011