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Luis Angel
Luis Ángel, 44, is single living with his mother and siblings at present. He intends to use the loan to buy farm supplies for his coffee crop which is in regular condition. He will use the money to buy manure and herbicide and will pay labor costs to do the work required on his property. His goal is to increase coffee production his next harvest so that he can have a stable economy for the future. He plans to become a producer of the best coffee in the zone where he lives in order to have what’s essential: the means to repay the loan. He also plans to provide his family with support to improve their quality of life and to be able to use profits to start saving for the future in case a crisis should arise. This is his first Fudecosur loan. He’s had no previous loans with state banks and Fudecosur offered the best loan terms and a much lower interest rate.
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Luis Ángel, tiene la edad de 44 años, está soltero, vive con su madre y sus hermanos actualmente. El con el crédito pretende compra insumos para asistir su cafetal que se encuentra en condiciones regulares, con el dinero el comprara abonos, herbicidas y realizara el pago de mano de obra de los trabajos realizados en su propiedad. El tiene como meta aumentar la producción de café para esta próxima cosecha para así tener una economía estable para su futuro, el piensa en llegar a ser un productor mas de bue café de la zona donde vive y lo primordial poder tener ingresos económicos para realizar los pagos del crédito. El tienen pensado también darla a su familia un apoyo para mejorar su calidad de vida y el generar con las ganancias un ahorro para el futuro en por si llega algún tiempo de crisis. 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

  • $12,900
    Average annual income
  • 37
    View loans »
    Costa Rica Loans Fundraising
  • $4,438,125
    Funds lent in using Kiva
  • 501.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Luis Angel to buy farm supplies for his coffee crops.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 13, 2012
Listed
Sep 19, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 23, 2014