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Aurelio
Aurelio A. B. is 74 years old. He is married and he lives with his wife. He wants to purchase seedlings to replant his land. He has the experience and the land that he needs but his coffee is in a poor state so he wants to replant the most dominated sections and keep on with his plantation. With this he plans on generating an income for the wellbeing of his family and also to improve the harvest for the following year.

This is the second loan he receives through Fudecosur (Kiva Field Partner). He had not hand previous loans from state banks, but Fudecosur provided him with a loan and with greater benefits, and the interest rate is much lower.
View original language description ↓
Aurelio A. B., tiene la edad de 74 años, está casado y vive con su señora esposa. El quiere comprar almacigo para la resiembra de su propiedad. El cuenta con la experiencia y el terreno, pero el café ya está en unas condiciones regulares por lo cual él quiere es resembrar las partes más dañadas y seguir con el proyecto apara adelante. El pretende con esto generar ganancias para el bienestar de su familia y también mejorar sus cosechas este próximo año.
Es el segundo 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
  • 11
    View loans »
    Costa Rica Loans Fundraising
  • $4,061,875
    Funds lent in using Kiva
  • 496.6
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Aurelio to replant coffee.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 22, 2011
Listed
Mar 10, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014