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Alfonso
Alfonso is 54 years old. He is married and lives with his wife and three children, who are his main priority.

With this loan, Alfonso plans to purchase the inputs necessary to tend to his coffee crop, such as fertilizers and pesticides. His land is suitable for full cultivation and is in production but in fair condition. His goal is to increase his harvest and to put the land into good condition for coffee production. In this way he will meet his primary goal of increasing production and generating higher earnings for the well-being of his family.

This is Alfonso's first loan with FUDECOSUR. He has not had previous loans with state banks, but FUDECOSUR granted him the loan with ease and the interest levels are much lower.
View original language description ↓
Alfonso, tiene la edad de 54 años, está casado, vive con su esposa y tres hijos que son su mayor prioridad. El con el crédito pretende comprar los insumos para la asistencia del café como abonos y plaguicidas. El cuenta con el terreno apto para la explotación del cultivo y se encuentra en producción pero en condiciones regulare. El tiene como meta aumentar su cosecha y darle una condición buena de producción a su cafetal para así cumplir con su meta prioritaria de aumentar la producción y generar más ganancias para su bienestar familiar. 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
  • 15
    View loans »
    Costa Rica Loans Fundraising
  • $4,065,825
    Funds lent in using Kiva
  • 503.2
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $600 helped Alfonso to tend to his coffee crop.
67% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 23, 2012
Listed
May 30, 2012
Currency Exchange Loss:
Possible