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Jefrry Manuel
Jeffry Manuel, 21, is single living with his parents and siblings who are his greatest priority. He intends to use his loan to buy fertilizer, fungicide and to pay labor costs to do coffee crop maintenance tasks. He will also be able to buy seedlings to plant thus increasing the plant density by area as well as taking advantage of the good fertility of the soil, weather and other conditions that are favorable for coffee growing. He hopes to earn a bit of profit from this new coffee crop to improve his family’s living condition and also to invest a bit more in his crops and also to meet some personal goals. This is his first Fudecosur loan. He’s had no others from state banks and Fudecosur offered the best terms and a much lower interest rate.
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Jeffry Manuel, tiene la edad de 21 años, está soltero, vive con sus padres y hermanos que son su mayor prioridad. Con su crédito pretende hacer la compra de fertilizantes, fungicidas y pagar mano de otra en trabajos de siembra y asistencia para el café. Además de poder comprar unas plantas de almácigo para realizar siembras y así aumentar la densidad de plantas por área, además de aprovechar la buena fertilidad del suelo y las condiciones de clima y otras que favorecen al cultivo de café. Con esta nueva siembras de cultivo espera obtener un poco de ganancias y así mejorar las condiciones de vida de su familia y también invertir un poco más en el área de cultivo y también cumplir algunas metas personales. 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
  • 499.4
    Costa Rica Colones (CRC) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,025 helped Jefrry Manuel to buy farm supplies.
66% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 12, 2012
Listed
Nov 6, 2012
Currency Exchange Loss:
Possible