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Olger Danilo
Olger Danilo, 54, lives in a common-law marriage with his wife and daughter, who are his biggest priority.

With his loan he plans to buy fertilizer and fungicide and to pay for labor to prepare the coffee. He also wants to buy some seedlings to replant and increase the plant density in the area, as well as make the most of the soil fertility and climate and other conditions that favor coffee production.

With these improvements to his crop he hopes to get some profits in the next harvests. This way he can improve his family's living conditions as well as invest more in the crop and also achieve some goals.

This is his first loan from FUDECOSUR. Previously, he had not had other loans from state banks, but FUDECOSUR offered him a loan with better terms and a much lower interest rate.
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Olger Danilo, tiene la edad de 54 años, está en unión libre, vive con su hija y esposa que son su mayor prioridad. Con su crédito pretende hacer la compra de fertilizantes, fungicidas y pagar mano de otra en trabajos de asistencia para el café. Además de poder comprar unas plantas de almácigo para realizar resiembras 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 estas mejoras al cultivo espera obtener un poco de ganancias en próximas cosechas 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
  • 14
    View loans »
    Costa Rica Loans Fundraising
  • $4,065,825
    Funds lent in using Kiva
  • 498.8
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Olger Danilo to prepare the coffee crop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 10, 2012
Listed
Dec 7, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 18, 2014