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Alexis
Alexis is 37 years old, single, and lives with his wife and a stepdaughter in his parents' house. He intends to invest the loan in his coffee plot.

Alexis has land planted with coffee trees and he wants to invest in supplies such as manure and fungicides to obtain a better harvest. Alexis wants to develop a coffee plot with good production and to sell a quality coffee. He wishes to generate the largest possible harvest in order to earn more income and improve his wellbeing and that of his family, and to expand his coffee project.

This is his first loan with FUDECOSUR. Alexis has had no previous loans with state banks. FUDOCOSUR has offered this loan on the best terms with a much lower interest rate.
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Alexis, tiene la edad 37 de años, está soltero y vive con sus padres con la conyugue y una hijastra. El pretende con el crédito realizar la asistencia de su plantación de café. El cuenta con un terreno sembrado de café y pretende invertir en insumos como abonos y fungicidas para obtener una mejor cosecha. El quiere implantar un cafetal que de buena producción para vender un café de calidad. El quiere generar la mayor cantidad de ganancias para su bienestar y la de sus familia y crecer con el proyecto del café. 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
  • 24
    View loans »
    Costa Rica Loans Fundraising
  • $4,365,675
    Funds lent in using Kiva
  • 501.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Alexis buy manure and fungicides to improve the quality and productivity of his coffee trees.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 18, 2011
Listed
Aug 4, 2011
Currency Exchange Loss:
Possible
Ended:
May 20, 2013