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Olivier
Olidier, 32 years old, is married, lives with his wife and two children, who help him with the work of the family. With the loan he intends to purchase supplies like seeds, herbicides and insecticides and help with labor. He plans to buy these supplies to be able to give adequate maintenance to the coffee and with that be able to make the most profit from the coffee plantation and be able to generate more income and obtain a better quality of life and economic stability. It is the first loan that he has received from FUDECOSUR. He had not had other loans from state banks before, but FUDECOSUR has provided the loan with better terms and a much lower interest rate.
View original language description ↓
Olidier, tiene la edad de 32 años, está casado, vive con su esposa y dos hijos, los cuales le ayudan con los trabajos de la familia . El con el crédito pretende comprar insumos como abonos, herbicidas y fumigaciones y ayudarse con la mano de obra. El tiene pensado comprar estos insumos para poder darle el mantenimiento adecuado al café y con ello poder sacar el máximo de ganancias de la plantación de café y poder generar más ganancias y 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
  • 16
    View loans »
    Costa Rica Loans Fundraising
  • $4,065,825
    Funds lent in using Kiva
  • 498.0
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,025 helped Olivier to buy supplies.
69% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 31, 2012
Listed
Jun 24, 2012
Currency Exchange Loss:
Possible