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Rolando
Rolando, at 43, is hardworking, modest, single, and lives with his family. He is applying for a loan to buy supplies such as manure and fumigants for his coffee plantings. This will keep the crop in good condition as it grows, yielding a better quality, more commercial product at the market. This grower has worked hard and sacrificed to make his project the success it is today. His only barrier is the lack of capital to keep growing and making his family happy. His business needs to grow, so he applied and received his first loan from FUDECOSUR. Though he has no prior loans with state banks, FUDECOSUR has offered him a loan with excellent terms and a low interest rate.
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Rolando, un hombre emprendedor y muy humilde, tiene 43 años de edad, es soltero 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 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

  • $12,900
    Average annual income
  • 38
    View loans »
    Costa Rica Loans Fundraising
  • $4,438,125
    Funds lent in using Kiva
  • 500.2
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Rolando to buy supplies.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 7, 2012
Listed
Dec 18, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 29, 2014