Check out some available loans that are similar to this one!
Elicelio
Elicelio is 57 years old and lives alone. He is seeking a loan to buy the things he neds to tend his coffee farm and be able to improve it to ensure the best crop. He has a plot of land that iss ideally suited to coffee growing and he aims to improve the plantation so that the coming harvest delivers the best possible yield. His main goal is to generate financial returns that will keep him ahead of the repayments; to improve, day by day, his economic situation; and to keep growing the coffee farm as far as he can take it. This is Elicelio's first loan with FUDECOSUR. He has never had a loan from the state banks before either, but FUDECOSUR has offered him credit with better arrangements and much lower interest rates.
View original language description ↓
Elicelio, tiene la edad de 57 años y vive solo actualmente. El con el crédito va comprar los insumos para la asistencia de su cafetal y así poder mejorarlo para una optima producción. El cuenta con el terreno apto para la explotación de este cultivo y lo que pretende es mejorar su plantación de café para así esta cosecha que se avecina obtener el mejor rendimiento de producción de su cafetal. El tiene como meta prioritaria generar divisas económicas para salir adelante con los pagos del crédito y mejorar día a día su bienestar económico y seguir creciendo con el proyecto cafetalero hasta donde se pueda. 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
  • 8
    View loans »
    Costa Rica Loans Fundraising
  • $3,979,500
    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 Elicelio to tend his coffee crop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 26, 2011
Listed
Oct 26, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012