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Orlando
Orlando is 56 years old, married, and lives with his wife and son, who are his major priority. With this loan he intends to buy supplies for his coffee grove. Specifically, he plans to buy manure and products to apply to the trees to improve the quality of his harvest. Orlando has had an established field for many years now with a plantation in good condition, and he wants to help it improve in order to achieve better results.

With this loan Orlando hopes to realize the economic gains necessary to continue advancing his coffee project and generate added income for his family's wellbeing.

This is Orlando's first loan acquired through FUDECOSUR. He has had no other loans from state banks, and FUDECOSUR has offered the loan with major facilities and the rate of interest is much lower.
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Orlando, tiene la edad 56 de años, está casado y vive con su hijo y su esposa que son su mayor prioridad. El pretende con el crédito comprar insumos para la asistencia de su cafetal. El lo que va comprar específicamente es el abono y productos para aplicar al cultivo para mejorar la calidad de la cosecha. El cuenta con el terreno establecido ya desde varios años atrás y con una plantación en condiciones buenas, por lo cual él quiere asistirlo y mejorarlo para mejores resultados. El pretende con el crédito realizar las ganancias económicas necesarias para seguir adelante con su proyecto cafetalero y generar ingresos económicos para el bienestar de su familia.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
  • 6
    View loans »
    Costa Rica Loans Fundraising
  • $3,984,850
    Funds lent in using Kiva
  • 499.9
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Orlando buy manure and inputs to improve his coffee crop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 12, 2011
Listed
Aug 16, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2012