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Lidieth
Lidieth, 36, is married and lives with her husband and children, who are her biggest priority.

With her loan she plans to prepare her plot of land manually to have better soil conditions and to buy corn seed, organic fertilizer, and other products she needs for planting and caring for the crop. She also needs to pay for labor to plant and maintain the crop, such as manual weeding to avoid chemicals, and some cultivation tasks such as making levels to avoid soil erosion from the rain. This way she'll be certain of having a good crop.

She hopes the loan will make it possible to have everything ready before the rains end so the crop will be a good size. She also will put into practice various years of experience growing basic grains. And she wants to buy the best-quality products so her farm will have good and healthy growth.

She'll use the income she hopes to get from the harvest to achieve some family goals and continue investing more in her crops.

This is the first loan she has received from FUDECOSUR. Previously she had not had other loans from state banks, but FUDECOSUR has offered her a loan with better terms and a much lower interest rate.
View original language description ↓
Lidieth, tiene la edad de 36 años, está casada, vive con su esposo e hijos, los cual son su mayor prioridad. Con su crédito pretende hacer la preparación del terreno en forma manual y así conservar mejor las condiciones del suelo, comprar semilla de maíz, fertilizantes orgánicos y otros productos que requiere para hacer la siembra y asistencia del cultivo. Además pagar mano de obra de la siembra y mantenimiento 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. Con esta posibilidad de crédito espera tener todo preparado y antes que finalicen las lluvias el cultivo cuente con un tamaño adecuado, 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 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
  • 25
    View loans »
    Costa Rica Loans Fundraising
  • $4,365,675
    Funds lent in using Kiva
  • 499.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Lidieth to plant corn.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 21, 2012
Listed
Nov 10, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014