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William
William C. Chacón is 39 years old, married, and lives with his wife and four children who are his top priorities. With this loan, he intends to prepare his land so that he can eventually harvest in large quantities. In addition, he will pay for the labor required for planting. William owns land that is suitable for growing his crop and has several years of farming experience. His goals are to generate income for the welfare of his family and to continue investing in subsequent crops so that he earn more profit each day.


This is the first loan he has received from FUDECOSUR. William has not had any other loans with the state banks. FUDECOSUR is providing this loan with better terms and a lower interest rate.

View original language description ↓
William C. Chacón, tiene la edad de 39 años, está casado y vive con sus 4 hijos y su esposa que son sus mayores prioridades. El con el préstamo pretende realizar el arreglo del terreno para su posterior cosecha en grandes cantidades, también pagar la mano de obra de su siembra. El cuenta con el terreno apto para la explotación de este cultivo y la experiencia de varios años en el conocimiento del cultivo. Su meta es genera ganancias para su bienestar familiar y también para seguir invirtiendo en la próximas cosechas y obtener cada día más ganancias. 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

  • $12,900
    Average annual income
  • 24
    View loans »
    Costa Rica Loans Fundraising
  • $4,365,675
    Funds lent in using Kiva
  • 496.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped William to purchase supplies for planting beans and to pay for labor.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 11, 2011
Listed
May 8, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2012