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Manuel
Manuel A. B. B. is 60 years old, married, and has 2 children, who are his top priority. They are 24 and 18 years old, respectively. Manuel lives in Pueblo Nuevo with his wife and younger son. He wants to use this credit for the cultivation of watermelon. This loan will help him be able to take good care of his crop, through the purchase of fertilizers. He plans to plant close to a hectare of watermelon because he has a lot of experience with them. This is the second time that Manuel has been financed through FUDECOSUR. The first time, he borrowed almost 250,000 colones, and that helped him with various things, since his form of work allows him to obtain good results. He hopes that he can improve economically and get ahead.

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
View original language description ↓
Manuel A. B. B. tiene 60 años, es casado, y tiene 2 hijos que son su mayor prioridad. Ellos tienen 24 y 18 años respectivamente. El vive en Pueblo Nuevo con su esposa y hijo. El crédito lo quiere para utilizar en la asistencia de un cultivo sandía. Este prestamo le ayudará en poder darle una buena asistencia al cultivo, mediante la compra de fertilizantes. El tiene la idea de sembra cerca de una hectare de sandía por que el tiene mucho experiencia con sandia. Es la segunda vez don Manuel se financia con FUDECOSUR. La primera, prestó casí 250000 colones y le ayudó en varias cosas, ya que por su forma de trabajo hace que se obtenga buenos resultados. El espera que pueda mejorar economicamente y salir adelante.

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
  • 23
    View loans »
    Costa Rica Loans Fundraising
  • $4,370,725
    Funds lent in using Kiva
  • 562.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Manuel to purchase fertilizer for cultivating watermelon.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 10, 2009
Listed
Dec 19, 2009
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2012