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Milton
Milton is 49 years old and married. He lives with his wife and daughter, who are his top priority.
Hi will put this loan towards fertilizers and pesticides for his coffee plantation, in order to obtain better results. He can count on his plantation under regular conditions, but he wants to assist it this coming harvest season so that it yields a more efficient coffee production.
His goal is to generate enough profit for his family's well-being and to have a better and more financially stable future every day.
This is the first loan he receives from FUDECOSUR. He had never received other loans from state banks, but FUDECOSUR offered him the loan under easier terms and a much lower interest rate.
View original language description ↓
Milton, tiene la edad de 49 años, está casado, vive con su hija y su esposa que son su mayor prioridad. El con el crédito pretende asistir su cafetal con abonos, y plaguicidas para obtener mejores resultados. El cuenta con su cafetal en condiciones regulares pero quiere asistirlo para esta próxima cosecha un mejor rendimiento en producción de café. El tiene como meta generar las ganancias para su bienestar familiar y tener cada día un mejor futuro económico estable. 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
  • 0
    View loans »
    Costa Rica Loans Fundraising
  • $4,022,575
    Funds lent in using Kiva
  • 500.5
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Milton with his coffee plantation.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 16, 2012
Listed
Apr 23, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 18, 2013