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Angel Alonso
Ángel Alonso is 21 years old; he is single and lives with his parents. He will use the loan to purchase supplies for his coffee farm. He has a good plot of land which is already planted. His farm needs fertilizers so that next year's harvest will be better. He wants to provide the best care for his coffee in order to get the maximum results out of his farm during the next harvest. His goal is to increase his production from the year before and double his profits to benefit his future and to help his parents with the household expenses. This will be his first loan from FUDECOSUR. He had been unable to get a loan from state-run banks, but FUDECOSUR has provided him a loan with better conditions and a lower interest rate.
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Ángel Alonso, tiene la edad de 21 años, está soltero y vive con sus padres actualmente. El con el crédito va comprar los insumos para la asistencia de su cafetal. El cuenta con el terreno apto y ya sembrado en producción, actualmente la siembra necesita fertilizantes para poder cosechar con mejores resultados el próximo año por lo cual recorrió al préstamo. El quiere asistir su café de la mejor forma para así obtener el máximo de rendimientos en la próxima cosecha. El tiene como meta poder superar la producción de cosecha del anterior año y sacar el doble de las ganancias para su futuro y ayudar a sus padres con las responsabilidades del hogar. 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
  • 20
    View loans »
    Costa Rica Loans Fundraising
  • $4,363,200
    Funds lent in using Kiva
  • 506.6
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Angel Alonso purchase supplies for his coffee farm.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 19, 2011
Listed
Oct 19, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014