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Gredin
Gredin is 33 years old, single and lives with his parents. With the loan, he hopes to purchase raw materials for his coffee crops and to hire workers. He hopes this will improve his coffee production for the upcoming harvest. His coffee crops are in good condition and he wants to improve them so they have better flowering and he can secure a larger harvest. Gredin hopes to earn the necessary income to ensure his well-being and that of his parents and so he can continue making headway as a coffee producer. This is his first loan with Kiva partner FUDECOSUR. He has not had previous loans with state banks, but FUDECOSUR is providing him with a loan with better credit facilities and a much lower interest rate.
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Gredin, tiene la edad de 33 años, está soltero y vive con sus padres. El pretende con el crédito realizar la compra de los insumos para la asistencia de su cafetal y la mano de obra. El pretende con realizarle esta mejora su cafetal produzca mayores cantidades de café esta próxima cosecha. El cuanta con la plantación existente en buenas condiciones y quiere es mejorarla para que tenga una buena floración y así poder obtener rangos de cosechas más grandes. El pretende generar los ingresos necesarios para el bienestar de el y sus padres y seguir saliendo adelante con su proyecto cafetalero. 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
  • 13
    View loans »
    Costa Rica Loans Fundraising
  • $4,063,900
    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 Gredin to purchase raw materials for his coffee crops and to hire workers.
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 16, 2012