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Alvaro Eliecer
Álvaro Eliecer is 46 married and lives with his 4 children and wife. With this credit, he plans to buy fertilizer and other products to care for his coffee plantation. He has both the property and the necessary experience in raising coffee, and will use the needed products to increase his crop yield. With better profits, he hopes to provide for his family's needs and assure a better quality of life in the future. This is the second credit Alvaro has received from FUDECOSUR. Rather than seek credit from state-owned banks, he feels that FUDECOSUR offers him better terms of credit.
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Álvaro Eliecer, tiene la edad de 46 años, está casado y vive con sus 4 hijos y su esposa que son sus prioridades. El pretende con el crédito realizar la compra de los insumos necesarios para la asistencia de su cafetal. El cuenta con la propiedad y la experiencia en este cultivo y lo que hará es asistirlo para así en la próxima cosecha que está por venir tener un alza en la producción y en la calidad. El lo que pretende es generar ganancias para seguir adelante con su café y también así ofrecerles a sus hijos y su esposa una mejor calidad de vida en el futuro. Es el segundo préstamo que recibido de FUDECOSUR. Ella 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
  • 10
    View loans »
    Costa Rica Loans Fundraising
  • $4,106,550
    Funds lent in using Kiva
  • 496.0
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Alvaro Eliecer to buy fertilizer for his coffee plantation.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 6, 2011
Listed
May 20, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012