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William
William, 52, is an enterprising and very modest man. He's married and currently lives with his family.

He requested a loan to buy supplies such as fertilizer and fumigant. He wants to care for his coffee crops to keep them in good condition as they grow, so he gets a good-quality and viable crop when it comes time to sell.

With a lot of effort and sacrifice, this farmer has managed to focus on his plan up to the present and, thanks to his dedication, he has had a favorable response, one of the best in the area. This man's only limitation is the lack of money to continue growing and making his entire family happy, because they depend on his job to be able to get ahead. This is why he's applying for a loan.

This is his first loan from FUDECOSUR. He had not had previous loans from state banks, but FUDECOSUR has offered him a loan with better terms and a much lower interest rate.
View original language description ↓
William, un hombre emprendedor y muy humilde, tiene 52 años de edad, es casado y vive con su familia actualmente, el solicito un préstamo con el anhelo de comprar insumos como abonos, y fumigantes, el desea dar asistencia a los cultivos de café, con la finalidad de mantenerlas en buenas condiciones durante su desarrollo, para obtener un producto de buena calidad y factible a la hora de ser comercializado. Este agricultor que con mucho esfuerzo y sacrificio a logrado encaminar su proyecto hasta el día de hoy, y este como tal, gracias a su dedicación ha respondido favorablemente, se encuentra en uno de los mejores de la zona y la única delimitación que este caballero tiene es la falta de dinero para continuar creciendo y dando alegría a toda su familia ya que de esta actividad económica dependen para poder salir adelante, por lo que él hace una solicitud de crédito , y es el primer préstamo que ha recibido de FUDECOSUR. El no registra 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
  • 10
    View loans »
    Costa Rica Loans Fundraising
  • $4,111,850
    Funds lent in using Kiva
  • 499.4
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,025 helped William to buy supplies.
66% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 28, 2012
Listed
Dec 17, 2012
Currency Exchange Loss:
Possible