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Leonel
Leonel is 38 years old, married, has 5 children, and lives with his family. He is requesting a loan to buy inputs for his coffee trees. Leonel wants to assist his coffee trees so that they can remain in good condition and produce a crop of good quality at harvest.

This farmer, who with much effort and dedication has managed to undertake a very successful project up to the present, depends on his coffee crop to get ahead. But Leonel lacks the money necessary to purchase these supplies, and for that reason, he is requesting a loan. This will be his 1st loan with FUDECOSUR. Leonel has no other loans with state banks, and FUDECOSUR will offer the loan with the best facilities and a much lower rate of interest.
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Leonel tiene 38 años de edad, es casado y tiene 5 hijos, vive con su familia actualmente, el solicito un préstamo para la comprar de insumos. El desea dar asistencia a los cultivos de café para que permanezcan en buenas condiciones, y finalmente obtener un producto de buena calidad. Este agricultor que con mucho esfuerzo y dedicación a logrado encaminar su proyecto con mucho éxito hasta el día de hoy y de el cual dependen para salir adelante, no dispone del dinero necesario para la compra de estos, por lo que él hace una solicitud de crédito, y es el primer préstamo que ha recibido de FUDECOSUR. El no registra 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
  • 499.7
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $425 helped Leonel buy inputs to boost his coffee crop.
66% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 29, 2012
Listed
Nov 9, 2012
Currency Exchange Loss:
Possible