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Edward
Edward, 32, is married and lives with his two children and his wife who are his greatest priority. He intends to use the loan to buy supplies for a coffee seedling business he has. He already has planted seedlings in production and he wants to do some enhancements to improve them. What he wants to accomplish with this improvement is to give a little help to the plants to improve their appearance and quality so that they will sell easily when they reach proper conditions. He wants to gain profits needed to continue forward as a person and to provide his family with a better quality of life in the future.

This is the first loan he’s gotten from FUDECOSUR. He has gotten no previous loans from state banks but FUDECOSUR offered the loan with the best terms and a much lower interest rate.
View original language description ↓
Edward, tiene la edad de 32 años, está casado y vive con sus 2 hijos y su esposa que son su mayor prioridad. El pretende con el crédito realizar la compra de los insumos para asistir un almacigo de café que el tiene. El cuenta con un almacigo de café ya establecido y en crecimiento, el quiere realizarle una asistencia para mejorarlo. El con esta mejora lo que pretende es darle una ayuda extra a la planticas para así darle una mejor presentación y buena calidad para poder venderlo fácilmente cuando esté en condiciones de venta. El quiere sacarle las ganancias necesarias para seguir adelante como persona y darle a su familia una mejor calidad de vida en él futuro. 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
  • 1
    View loans »
    Costa Rica Loans Fundraising
  • $4,022,575
    Funds lent in using Kiva
  • 501.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Edward to buy farm supplies.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 24, 2011
Listed
Jul 24, 2011
Currency Exchange Loss:
Possible
Ended:
May 17, 2014