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Deybis
Deybis is 23, is married and lives with his wife and daughter. With the loan he plans to buy fertilizer, pesticide and get some help through labor. He plans to maintain his plantation so that they don't suffer any damages or lose production; this way with his coffee plantation project he will be able to obtain more profits to contribute to his family, he doesn't have the necessary working capital for the purchases, because he has low resources and doesn't have a way to obtain the money necessary to do it, reason why he requested a loan and this is the first loan that he will get from FUDECOSUR. He hasn't had previous loan with state banks, but FUDECOSUR has provided a loan with more facilities and a low interest rate…
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Deybis tiene 23 años de edad, esta casado y vive con la esposa y una hija actualmente. El con crédito pretende comprar insumos como abonos, fumigantes, y a su vez ayudarse con la mano de obra. El piensa dar mantenimiento a las plantaciones, para que este no sufra ningún daño, y no se pierda la producción, y así con su proyecto cafetalero poder generar más ganancias para contribuir con su familia, el no cuenta con el capital necesario para dicha compra, ni dichos contratos, ya que es de bajos recursos y no tiene como adquirir el dinero necesario para esto, por lo que el solicito un crédito, y es el primer préstamo que ha recibido de FUDECOSUR. El 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
  • 43
    View loans »
    Costa Rica Loans Fundraising
  • $4,191,975
    Funds lent in using Kiva
  • 499.4
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $425 helped Deybis to buy fertilizer, pesticide and pay for labor.
66% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 19, 2012
Listed
Dec 17, 2012
Currency Exchange Loss:
Possible