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Olger
Olger, 27, is single and lives with his parents who are his greatest priority. He intends to use his loan to buy fertilizer and to do some planting chores that in the medium and long range will improve his crops’ condition. He will also buy some seedlings to improve plant density by area. In addition to being able to buy the best products and to do the chores as quickly as possible and apply fertilizer on time so that crop yields will be good quality and abundant and to do all this before the crops ripen, he will use income obtained to invest more and to reach some family goals. 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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Olger, tiene la edad de 27 años, está soltero, vive con sus padres que son su mayor prioridad. Con su crédito pretende comprar fertilizantes y hacer algunas labores culturales que a mediano y largo plazo se mejore las condiciones del cultivo, también la compra de algunas plantas de almácigo para mejorar la densidad de plantas por área. Además de poder comprar los mejores productos y hacer los trabajos lo más pronto posible y aplicar los fertilizantes a tiempo para que la cosecha sea de buena calidad y abundante y hacer esto antes de que se madure la misma, con los ingresos que pueda obtener pretende invertir más y cumplir algunas metas familiares. Es el primer préstamo que recibido de FUDECOSUR. Él 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
  • 7
    View loans »
    Costa Rica Loans Fundraising
  • $3,978,825
    Funds lent in using Kiva
  • 492.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Olger to buy farm supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 18, 2012
Listed
Sep 19, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012