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Godofredo
Godofredo Bermúdez Q. is 68 years old, married, and lives with his wife. He wants to buy the necessary supplies for cultivating his coffee crop. Godofredo intends to have better conditions for producing coffee so that he can obtain better crop yields this year as well as a better quality product. He possesses farmland and planted crops in good condition that he wants to strengthen. Godofredo wants to grow as a local farmer and set an example for others to continue with their agricultural projects and become even stronger. He intends to obtain better earnings with this next harvest so that he can continue growing and build a more secure future for himself and his wife.


This is the first loan he has received from FUDECOSUR. Godofredo has not taken out any previous loans with other state banks. FUDECOSUR is providing this loan with better services and a much lower interest rate.

View original language description ↓
Godofredo Bermúdez Q., está casado, tiene 68 años y vive con su esposa. El quiere comprar los insumos necesarios para la fertilización de su cafetal. El pretende tener su cafetal en una mejor condición de producción y así poder obtener mayores cosechas este año al igual que una mejor calidad de café. El cuenta con el terreno y la plantación en buenas condiciones lo que quiere es fortalecerlo. También él quiere crecer como un caficultor de la zona y ser ejemplo para las personas para que sigan con sus proyectos y los fortalezcan aun más. El pretende obtener mayores ganancias de esta próxima cosecha para seguir creciendo y tener un futuro más seguro para él y su esposa.
Es el primer préstamo que recibido de FUDECOSUR. El no había tenido antes otros préstamos en bancos estatales, pero FUDECOSUR le ha brindado el préstamo con mayores facilidades y la tasa de intereses mucho más baja.

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
  • 24
    View loans »
    Costa Rica Loans Fundraising
  • $4,165,075
    Funds lent in using Kiva
  • 495.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Godofredo to purchase supplies for growing coffee.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 22, 2011
Listed
Mar 9, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012