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Miguel is 44 years old and in a common-law relationship. He currently lives with his wife and his seven children, who are his highest priority. Miguel will use this loan to buy supplies to assist him with his work. He has suitable land at his disposal and used it to establish a plantation. Miguel wants to buy compost and all the necessary supplies so that he can replant his coffee farm and obtain the best return from his harvest. He has several years of experience with growing coffee and believes that this is a good time to improve his crops. The upcoming seasons can bring excellent results. His goal is to generate earnings to fulfill his loan payments and still have profits to provide for his family’s daily well-being.

This is the first loan he has received from FUDECOSUR. Miguel has not had any other loans with the state banks. FUDECOSUR is providing this loan with better terms and a lower interest rate.

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Miguel, tiene la edad de 44 años y está en unión libre. Actualmente vive con su esposa y sus 7 hijos que son su mayor prioridad. El con el crédito va comprar los insumos para la asistencia. El cuenta con el terreno apto para la explotación de y ya establecida la plantación. El quiere comprar abonos y todos los productos necesarios para surtir sus cafetales y así obtener más rendimiento en su cosecha. El tiene varios años de experiencia en el cultivo y cree que esta es una muy buena temporada para la mejorar de los cultivos, pues vienen tiempos que pueden traer excelentes resultados. El tienen como meta generar ganancias para ir saliendo con los pagos del crédito y a la vez ir generando las ganancias para su bienestar familiar cada día. 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.


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

About Costa Rica

  • $12,900
    Average annual income
  • 10
    View loans »
    Costa Rica Loans Fundraising
  • $4,501,700
    Funds lent in using Kiva
  • 509.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Miguel to buy supplies for growing coffee.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 27, 2011
Oct 26, 2011
Currency Exchange Loss:
Oct 17, 2013