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Jorge
Jorge, 52, lives with his wife and a daughter who are his priority. He wants to use the loan to buy farm supplies and seeds to plant beans. He has a fallow field that’s in optimum condition for farming and this is why he wants to plant. He wants to put the field to good use and start it producing in the best possible conditions so that he will obtain the best possible bean harvest. He plans to use the loan to provide excellent assistance to the crop so that the maximum possible profits will be generated from it for his family’s wellbeing and economic stability. This is his first FUDECOSUR loan. He’s had no previous loans with state banks and FUDECOSUR gave him the best terms and a much lower interest rate.
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Jorge, tiene la edad de 52 años, vive con su esposa y una hija actualmente que son su prioridad. El con el crédito quiere comprar los insumos y la semilla para sembrar frijol. El cuenta con un lote actualmente desocupado y es de optimas condiciones para la agricultura por lo cual quiere realizar esta siembra. El quiere darle un buen uso al terreno y ponerlo a cosechar en las mejores condiciones posibles para así obtener el máximo de producción del frijol sembrado. El pretende con el crédito generar una excelente asistencia a la siembra y así obtener una gran cosecha generando el máximo de ganancias económicas para el bienestar de su familia y su estabilidad económica. 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
  • 25
    View loans »
    Costa Rica Loans Fundraising
  • $4,165,075
    Funds lent in using Kiva
  • 510.0
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Jorge to buy seeds and farm supplies.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 4, 2011
Listed
Nov 4, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014