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Rolando
Rolando is 33 years old. He is married and lives with his wife and their two children. Rolando plans to use the loan for his coffee crop. He has a coffee farm and plans to invest the money in supplies such as fertilizers, labor and fungicides in order to obtain a better harvest. Rolando wants to establish a good crop that can generate a high yield so that he can sell quality coffee. He wants to generate as much income as possible for his own well-being and that of his family. He also wants to grow his coffee business. This is the first loan that Rolando has received from FUDECOSUR. He had never before taken out a loan from a state bank, but FUDECOSUR offered him the loan with easier payment plans and at a much lower interest rate.
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Rolando, tiene la edad 33 de años, está casado y vive con su esposa y dos hijos. El pretende con el crédito realizar la asistencia de su plantación de café. El cuenta con una plantación de café y pretende invertir en insumos como abonos, mano de obra y fungicidas para obtener una mejor cosecha. El quiere implantar una buena plantación que genere una gran producción para vender un café de calidad. El quiere generar la mayor cantidad de ganancias para su bienestar y la de su familia y crecer con el proyecto de producción 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

  • $11,100
    Average annual income
  • 43
    View loans »
    Costa Rica Loans Fundraising
  • $4,191,975
    Funds lent in using Kiva
  • 503.2
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Rolando with his coffee crop.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 19, 2011
Listed
Aug 17, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014