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Gerardo
Francisco is 54 years old. He’s married and lives with his son and wife who are his greatest priority in life. He intends to use the loan to buy fertilizer for his coffee plantation. He has a piece of land that is well conditioned to grow this particular crop. Besides, he already has it planted and what he needs is to help it along to obtain the best results. He wants to generate the necessary resources to move forward with his project and provide his family every day with better economic wellbeing.

This is the first loan he’s gotten from FUDECOSUR. He hadn’t had previous loans with state banks. FUDECOSUR provided the loan with the best terms and a much lower interest rate.
View original language description ↓
Francisco, tiene la edad de 54 años, está casado y vive con su hijo y su esposa que son su mayor prioridad. El pretende con el crédito realizar la compra de los fertilizantes para la asistencia de su cafetal. El cuenta con la propiedad y es adecuada para la buena explotación de este cultivo, además ya la tiene sembrada y lo que necesita es asistirla para así obtener mejores resultados. El quiere generar los recursos necesarios para seguir adelante con su proyecto y darle cada día a su familia un mejor bienestar económico. 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
  • 41
    View loans »
    Costa Rica Loans Fundraising
  • $4,438,125
    Funds lent in using Kiva
  • 505.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Gerardo to buy fertilizer.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 16, 2011
Listed
Jun 9, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 18, 2013