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Mainor
Mainor is 25 years old, single and lives with his mother and older brother. With the loan he wishes to buy seeds and bags to set up a raised bed and buy other materials needed to care for his crop like manure and fumigation. Mainor wants to buy seeds and materials to sow coffee and sell it in his local and surrounding markets to have more income, 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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Mainor, tiene la edad de 25 años, está soltero, vive con la mama y el hermano mayor actualmente. El con el crédito pretende comprar la semilla para realizar el almacigó y las bolsas para su realización, además comprar todos los insumos que se necesitan para la realización del almacigo como abonos y fumigaciones. El tiene pensado comprar la semilla e insumos para poder hacer el almacigo de café para su posterior venta en el mercado de la localidad y alrededores, 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

  • $11,100
    Average annual income
  • 33
    View loans »
    Costa Rica Loans Fundraising
  • $4,168,700
    Funds lent in using Kiva
  • 503.6
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Mainor buy seeds and bags to set up a raised bed and other materials.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 19, 2012
Listed
Apr 25, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013