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Miguel Angel
Miguel is 31 years old and married. He has four children; ages 10, 8, 6, and 1. His children are his greatest priority.

He wants to buy a seedbed to plant coffee in a new area. He has one and a quarter hectares for planting. With the money that is left over, he will buy a vacant field to increase his production.

His goals are to pay for the seedbed and to generate greater earnings for his family’s future.

This is his first loan with FUDECOSUR, and he is happy with the services that have been provided.
View original language description ↓
Miguel tiene la edad de 31 años, es casado, y tiene 4 hijos de 10, 8, 6 y 1 de edad que son su mayor prioridad. El quiere comprar almacigo para sembra una área nueva de cafe. Cuenta con 1 hectárea y cuarta para la siembra. Ademas con el dinero que sobra comprara un terreno vacío para aumentar la cantidad de producción. Sus metas están cancelar el almacigo y comprado y generar mayores ganancias para el futuro de su familia. Es el primer préstamo que ha recibida de FUDECOSUR y esta contento con las facilidades que se le brindaron.

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

  • $11,100
    Average annual income
  • 1
    View loans »
    Costa Rica Loans Fundraising
  • $4,022,575
    Funds lent in using Kiva
  • 500.2
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Miguel Angel to plant coffee.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 28, 2010
Listed
Oct 27, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 16, 2011