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Felix
Félix is 54 years of age, married and lives with his wife and three children. With this loan he hopes to buy supplies to help with his coffee plantation. Specifically he is going to buy the fertilizer and fungicides necessary to help his crop grow. His fields have already been sewn and as such he wants to help them along so as to produce a good harvest this year.

With the loan he hopes to make the highest possible profit in order to get ahead with the project and provide a good quality of life for his family in the future. He also wants to get the best results from his coffee plantation and fulfill various life plans.

This is the first loan he has received from FUDECOSUR. He had not previously taken loans from state banks, but FUDECOSUR has given him a loan with better terms and a much lower interest rate.
View original language description ↓

Félix, tiene la edad 54 de años, está en casado y vive con su esposa y sus 3 hijos. El pretende con el crédito comprar insumos para la asistencia de su cafetal. El lo que va comprar específicamente es el abono y fungicidas necesarios para su asistencia. El cuenta con el terreno ya sembrado por lo cual quiere darle asistencia para así generar una buena cosecha este año. El pretende con el crédito realizar la mayor cantidad de ganancias para salir adelante con el proyecto y darle a su familia una buena calidad de vida en el futuro. También quiere obtener de su cafetal los mejores resultados y cumplir varos proyectos de vida. 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
  • 9
    View loans »
    Costa Rica Loans Fundraising
  • $3,978,825
    Funds lent in using Kiva
  • 504.2
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Felix to help grow his coffee.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 27, 2011
Listed
Sep 1, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 16, 2011