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Edier
Edier B. Sánchez, 48, is married and lives with his wife who is his greatest priority. He wants to buy manure for his tiquizque (a starchy tuber) crop in order to have a better harvest. He has a field that is appropriate for this project with two and a half hectares planted with tiquizque to care for.

He has been a farmer for several years and wants to grow and generate more income. This is his first loan from FUDECOSUR. He has no problems with his property but does want it to become a productive farm generating more production.

He has had other loans with State-owned banks but FUDECOSUR offered him a loan with easier terms and a much lower interest rate.

His goals are to produce his own wellbeing as well as his wife’s while growing more each day as a farmer.
View original language description ↓
Edier B. Sánchez, tiene la edad de 48 años, es casado, vive con su esposa que es su mayor prioridad. El quiere comprar abonos para la asistencia del tiquizque y obtener una buena cosecha. Además, el cuenta con el terreno apto para este proyecto con 2 hectáreas y media sembradas de tiquizque las cuales quiere asistir. Tiene varios años que se dedica a su finca y quiere crecer y a su vez generar más ingresos. Es el primer préstamo que ha recibido de FUDECOSUR. El no tiene problemas en su propiedad, pero si tiene el deseo de que sea una finca productiva y genere más producción. También, el ha realizados otros préstamos en bancos estatales, pero FUDECOSUR le brindó el préstamo con mayores facilidades y la tasa de interés es mucho más baja. El tiene como metas generar ganancias para su propio bienestar al igual que el de su esposa y a la vez ir creciendo como un productor cada día más.

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
  • 0
    View loans »
    Costa Rica Loans Fundraising
  • $4,022,575
    Funds lent in using Kiva
  • 514.5
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Edier to buy manure for the Tiquisque (a starchy tuber) crops.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 9, 2010
Listed
Nov 9, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2012