Check out some available loans that are similar to this one!
Gerardo
54-year old Gerardo is married and lives with his wife and their five children. With the loan he plans to buy the supplies necessary to have an excellent coffee crop this year. He has good land for growing coffee and says that he’s planted a big area. Now he needs some assistance in order to get a good harvest.

With these improvements he will have a greater income and be better able to provide the necessities for his family as a successful coffee farmer. This is his first loan with Kiva partner FUDECOSUR. He has not had previous loans with state banks, but FUDECOSUR has given him a loan with better repayment options and a much lower interest rate.
View original language description ↓
Gerardo, tiene la edad de 54 años, está casado y vive con sus 5 hijos y su esposa. El pretende con el crédito comprar los insumos necesarios para una excelente producción de café este año el cuenta con el terreno apto para la explotación de este cultivo, el consta de una gran área sembrada y tiene que darle la asistencia necesaria para su buena cosecha. El pretende con estas mejoras generar las ganancias necesarias para seguir adelante con su familia y cumplir sus proyectos como un caficultor de la zona. 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
  • 7
    View loans »
    Costa Rica Loans Fundraising
  • $3,978,825
    Funds lent in using Kiva
  • 503.2
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Gerardo to buy supplies for his coffee fields.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 16, 2011
Listed
Jul 18, 2011
Currency Exchange Loss:
Possible
Ended:
May 17, 2014