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Luis Alberto
Luis, 20, is single and currently lives with his parents. With the loan he plans to buy supplies such as fertilizer and fumigants, as well as help pay for labor. He plans to maintain his coffee crops with special products and hire workers to help with the labor so the crop suffers no harm or loss. This way his coffee-producing project will be able to generate more income to help his family.

Luis is an outstanding man known in his town for his great hardworking spirit. He doesn't have the necessary capital for his purchase or for labor because he has a low income and no way to get the necessary money. This is why he requested a loan, and it's the first one he has received from FUDECOSUR. He had not had other loans before from state banks, but FUDECOSUR offered him a loan with better terms and a much lower interest rate.
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Luis tiene 20 años de edad, es soltero y vive con sus padres actualmente. Con el crédito pretende comprar insumos como abonos, fumigantes, y a su vez ayudarse con la mano de obra. El piensa dar mantenimiento a las plantaciones de café con productos especiales, y contratar personal para que le colaboren con la labores de asistencia, para que este no sufra ningún daño, y no se pierda la producción, y asi con su proyecto cafetalero poder generar más ganancias para contribuir con su familia. Luis, un hombre sobresaliente y caracterizado en su pueblo por tener un gran espíritu trabajador, no cuenta con el capital necesario para dicha compra, ni dichos contratos, ya que es de bajos recursos y no tiene como adquirir el dinero necesario para esto, por lo que el solicito un crédito, y es el primer préstamo que ha 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
  • 17
    View loans »
    Costa Rica Loans Fundraising
  • $4,065,825
    Funds lent in using Kiva
  • 499.4
    Costa Rica Colones (CRC) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $725 helped Luis Alberto to buy supplies for the coffee crop.
99% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 11, 2012
Listed
Oct 31, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014