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Willian
Rolando, 33, is married and lives with his wife and two children. He intends to use the loan for his coffee crops. He has a coffee plantation and will use the loan to buy manure and fungicide and to pay for labor costs to obtain a better harvest. He wants to establish a good plantation that will generate good product to sell quality coffee. He wants to generate higher profits for his and his family’s wellbeing and to grow with the coffee growing project.
This is his first FUDECOSUR loan. He’s had no previous loans with state banks but FUDECOSUR provided the loan with the best terms and a much lower interest rate.
View original language description ↓
Rolando, tiene la edad 33 de años, está casado y vive con su esposa y dos hijos. El pretende con el crédito realizar la asistencia de su plantación de café. El cuenta con una plantación de café y pretende invertir en insumos como abonos, mano de obra y fungicidas para obtener una mejor cosecha. El quiere implantar una buena plantación que genere una gran producción para vender un café de calidad. El quiere generar la mayor cantidad de ganancias para su bienestar y la de su familia y crecer con el proyecto de producción café. 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
  • 12
    View loans »
    Costa Rica Loans Fundraising
  • $4,059,650
    Funds lent in using Kiva
  • 509.0
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Willian to buy farm supplies for the coffee crops.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 28, 2012
Listed
Mar 20, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013