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Presley
Presley is 28 years old and married. She lives with her two children and husband. Presley plans to use her loan to buy potato seeds to sow. She will also buy fertilizers, herbicides and 'foliares' (fertilizers that are applied directly to a plant's leaves). She has a suitable plot of land, which is in excellent condition, on which she will carry out this business. Presley would like to enjoy an excellent potato production with the help of these supplies. She will sell her produce in her town market or in neighboring towns. Presley would like to make as much profit as she can for her own well-being, as well as that of her family. She would like to grow her business with a pig-fattening project.

This is the first loan that Presley has received from FUDECOSUR. She has not received previous loans from state banks but FUDECOSUR have offered her this loan with better terms and a much lower interest rate.
View original language description ↓
Presley, tiene la edad 28 de años, está casada y vive con sus dos hijos y el esposo actualmente. Ella pretende con el crédito realizar la compra de semilla de papa para su posterior siembra y además comprar insumos como abonos, herbicidas y foliares. Ella cuenta con un terreno acto para desarrollar dicha actividad y en excelentes condiciones. Ella quiere tener una excelente producción de papa con la ayuda de los insumos, para su posterior venta en el mercado de la localidad o lugares aledaños. Ella quiere generar la mayor cantidad de ganancias para su bienestar y de la familia y crecer con el proyecto de cerdos de engorde. 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
  • 17
    View loans »
    Costa Rica Loans Fundraising
  • $4,065,825
    Funds lent in using Kiva
  • 499.2
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Presley to buy potato seeds and farming supplies.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 14, 2012
Listed
May 21, 2012
Currency Exchange Loss:
Possible
Ended:
May 20, 2013