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William
William is a married 40 year old man who lives with his wife and children whom are his main priority. With this loan he plans on paying for fertilizers, fungicides, and manual labor to help him cultivate his coffee this coming summer. He also plans to purchase seedbeds so that he can replant the coffee and increase the number of plants on his land. He hopes to take advantage of the fertility of the land and the good weather conditions among other things that favor the cultivation of coffee. With these improvements to his coffee he expects to increase revenue and thus improve his family's quality of life. Also, he would invest a bit more in his land and achieve other goals. This is the first loan he has received from FUDECOSUR. He has never before received loans from other banks but FUDECOSUR has given him the opportunity with a lot less scrutiny and lower interest rate.
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William, tiene la edad de 40 años, está casado, vive con sus hijos 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 para que el cultivo en este verano que se aproxima esté preparado nutricionalmente. 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 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

  • $12,900
    Average annual income
  • 36
    View loans »
    Costa Rica Loans Fundraising
  • $4,441,500
    Funds lent in using Kiva
  • 509.4
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,000 helped William with his coffee.
66% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 10, 2012
Listed
Dec 31, 2012
Currency Exchange Loss:
Possible