Check out some available loans that are similar to this one!
Freddy
Freddy is 52 years old, married, and he lives with his 2 children, who are his priority. He plans on purchasing materials to help him maintain his coffee plantation. He has had an already established plantation for many years and it is somewhat uncared for. He wants to maintain it this year to have a better harvest. He wants to keep working on it day after day to establish good conditions for production. This is the first loan which he receives from Fudecosur (Kiva Field Partner). He has not had any previous loans with state banks but Fudecosur has granted him a loan bearing greater benefits and with a much lower interest rate.
View original language description ↓
Freddy, tiene la edad de 52 años, está casado, el vive con sus 2 hijos que son su prioridad. El pretende con el crédito realizar la compra de los insumos para la asistencia su cafetal. El cuanta con el terreno ya sembrado desde hace varios años y estaba un poco abandonada, el quiere es darle una mejora este año para poderle generar una buena cosecha este año. El quiere seguirla asistiendo día a día y poderla establecer en buenas condiciones de producción. El tiene como meta generarle ganancias a su cafetal y así tener ingresos de este cultivo para su bienestar familiar. 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
  • 54
    View loans »
    Costa Rica Loans Fundraising
  • $4,311,750
    Funds lent in using Kiva
  • 503.3
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Freddy to maintain his coffee plantation.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 5, 2011
Listed
Jun 8, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 22, 2014