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Luiz Mario
Luis Mario is 45 years old, and he is married and currently lives with his wife. Plans to use the loan to buy pepper and tomato plant seeds and other items like fertilizers and insecticides. He has thought about making two different plantings of peppers and tomatoes and giving them good care so that he can then sell them in the local market and neighboring regions and in the town market, and thus he will be able to have a larger income and a better quality of life and economic stability.

This is the first loan he has received from FUDECOSUR. He has never before been given a loan from a large bank, but FUDECOSUR offered him a loan with great ease and at a much lower rate of interest.
View original language description ↓
Luis Mario, tiene la edad de 45 años, está casado, vive con su esposa actualmente. El con el crédito pretende comprar semilla de chile y tomate e insumos como abonos y fumigaciones. El tiene pensado realizar las dos plantaciones de chile y tomate y darle el adecuado mantenimiento para su posterior venta en el mercado local y lugares aledaños y en la feria del pueblo y así 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
  • 8
    View loans »
    Costa Rica Loans Fundraising
  • $3,979,500
    Funds lent in using Kiva
  • 499.6
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,025 helped Luiz Mario to plant peppers and tomatoes.
66% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 24, 2012
Listed
Jul 27, 2012
Currency Exchange Loss:
Possible