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Sixto
Sixto, 53, is married living with his wife who is his greatest priority. He intends to use his loan to buy fertilizer, fungicide and to pay labor costs to do tobacco crop maintenance in order to take advantage of the good fertility of the soil, the weather and other conditions that are favorable for tobacco growing. With these improvements, he hopes to earn a bit of profits to improve his family’s living conditions and also to have some to invest more in the crops and to reach some goals. This is his first Fudecosur loan. He’s had no previous loans with state banks and Fudecosur offered the best terms and a much lower interest rate.
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Sixto, tiene la edad de 53 años, está casado, vive con su esposa que es su mayor prioridad. Con su crédito pretende hacer la compra de fertilizantes, fungicidas y pagar mano de otra en trabajos de asistencia para el tabaco. Además de aprovechar la buena fertilidad del suelo y las condiciones de clima y otras que favorecen al cultivo de tabaco. Con estas mejoras al 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. 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
  • 6
    View loans »
    Costa Rica Loans Fundraising
  • $3,980,625
    Funds lent in using Kiva
  • 499.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,025 helped Sixto to buy farm supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 12, 2012
Listed
Nov 30, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 19, 2013