Check out some available loans that are similar to this one!
Manuel Angel
Manuel Ángel is thirty-three years old, is married, and lives with his children and wife, who are his main priority. With the loan, he intends to buy fertilizers, corn seeds, and other products he requires to carry out the sowing of his crop. He will also pay laborers to help with planting and crop assistance, like manual weeding in order to not use chemicals and some farming work, like making levels to prevent ground erosion due mainly to rain. In doing this, he is sure to do good work.

He intends to take advantage of the good climate and ground conditions that he counts on for his crop, and to also put into practice his several years experience in handling basic grains.

Furthermore, he will be able to buy the best products of the best quality so that his plantation has good development and health, and so that he has good production in the short-term. With the profits from the harvest that he hopes to make, he will invest in the well-being and studies of his family, meet some family goals, and continue investing more in his crops.

This is the first loan that he receives from FUDECOSUR. He has not had other loans from state-owned banks, but FUDECOSUR has offered him a loan with greater ease and at a much lower interest rate.
View original language description ↓
Manuel Ángel, tiene la edad de 33 años, está casado, vive con sus hijos y esposa, los cual son su mayor prioridad. Con su crédito pretende hacer la compra fertilizantes, semilla de maíz y otros productos que requiere para hacer la siembra del cultivo. Además pagar mano de obra de la siembra y asistencia del cultivo como lo son la eliminación de maleza en forma manual para no utilizar químicos y algunos trabajos culturales como hacer niveles para evitar la erosión de los suelos por la lluvia principalmente, y de esta manera asegurarse de realizar un buen trabajo. Lo que pretende es aprovechar las buenas condiciones de clima y suelo que cuenta para este cultivo, y también poner en práctica la experiencia de varios años en el manejo de granos básicos. Además de poder comprar los mejores productos y de mejor calidad para que su plantación tenga un buen desarrollo y sanidad, y tener a corto plazo una producción adecuada. Con el ingreso de la cosecha que espera obtener emplearlo en el bienestar y estudio de su familia y cumplir con algunas metas familiares y seguir invirtiendo más en los cultivos. 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

  • $12,900
    Average annual income
  • 37
    View loans »
    Costa Rica Loans Fundraising
  • $4,438,125
    Funds lent in using Kiva
  • 499.7
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,025 helped Manuel Angel to buy the materials/labor needed for planting corn.
66% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 21, 2012
Listed
Nov 10, 2012
Currency Exchange Loss:
Possible