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Miguel Algel
Miguel Ángel is 45 years old, single and lives with his parents. With the loan he wants to buy seeds and bags to make the seed bed, as well as materials like manure, herbicides, fumigate, labor, shovels, knives and a wheelbarrow to carry the dirt for the bed. He hopes to buy seeds and bags to make the bed and with the other materials work to have a great harvest and sell it at an excellent price to the local market to have more earnings and subsequently have a better quality of life and economic stability. This is his first loan through FUDECOSUR, he has not received any other loans from state banks but FUDECOSUR gave him the loan easily with lower interest rates.
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Miguel Ángel, tiene la edad de 45 años, está soltero, vive con sus padres actualmente. El con el crédito pretende comprar la semilla y las bolsas para hacer el almacigo y además comprar insumos como abonos, herbicidas, fumigaciones y mano de obra y además necesita comprar unas palas y cuchillos y un carretillo para jalar la tierra para el almasigo., El tiene pensado comprar la semilla y las bolsas para hacer el almacigó y con los insumos poder obtener una plantación de muy buena calidad, y así poder venderla a un excelente precio al mercado de la localidad, así poder obtener más ganancias para obtener una mejor calidad de vida y una 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

  • $12,900
    Average annual income
  • 24
    View loans »
    Costa Rica Loans Fundraising
  • $4,367,000
    Funds lent in using Kiva
  • 503.6
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Miguel Algel buy seeds and farming materials.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 19, 2012
Listed
Apr 25, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014