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Miguel Angel
Miguel Ángel is 45 years old, single, and currently lives alone. He wants to use the money from this loan to buy supplies for his coffee crop. He has an established plantation in a good area and he wants to improve it so that he can improve his harvest and income. He wants to move forward with his project, generate income, grow as a grower in the zone, and have a more stable financial future for his own well-being.

This will be his first loan through FUDECOSUR. He had not had previous loans through state banks, but FUDECOSUR has granted him this one with ease and at much lower interest rates.
View original language description ↓
Miguel Ángel, tiene la edad de 45 años, está soltero y vive solo actualmente. El pretende con el crédito realizar la compra de los insumos para la asistencia de su cafetal. El cuenta con la plantación ya establecida ya en un área apta y lo que pretende es mejorarla para obtener mayores ganancias y cosechas. El pretende salir adelanta con su proyecto, generar las ganancias para crecer como caficultor de la zona y tener un futuro económico más estable para su bienestar. 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
  • 8
    View loans »
    Costa Rica Loans Fundraising
  • $3,979,500
    Funds lent in using Kiva
  • 503.1
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Miguel Angel to improve his coffee crop.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 20, 2011
Listed
Jul 19, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2012