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Alexander
Alexander is 28 years old, single, and lives with his parents. With the loan he aims to improve the field's grass and invest in purchasing seeds to carry out planting the grass. Later he aims to invest in labor to achieve better grass production and a better yield. He wants to obtain the best grass in order to have a better upkeep of the cattle and obtain a greater amount of the earnings for his well-being and for that of his parents. In this way he will have better financial stability. This is the first loan that he has received from Fudecosur. He had not previously had other loans with state banks, but Fudecosur has given him the loan with greater ease and at much lower interest rates.
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Alexander, tiene la edad de 28 años de edad, está soltero y vive con sus padres. El pretende con el crédito hacer una mejora de pasto a los potreros. El pretende invertir en semilla para realizar la siembra del pasto y luego invertir en mano de obra y para obtener una mejor producción de pasto y un mejor rendimiento. El quiere obtener mejores pastos para un mejor mantenimiento del ganado y obtener la mayor cantidad de ganancias para su bienestar y la de sus padres y así tener una mejor 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
  • 7
    View loans »
    Costa Rica Loans Fundraising
  • $3,978,825
    Funds lent in using Kiva
  • 505.5
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Alexander to improve the field's grass and with farm assistance.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 21, 2012
Listed
Mar 28, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014