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Martín
Martín is 40 years old, married, and lives with his children and wife, who are his main priority. He hopes to use this loan to purchase fertilizer and other agricultural products so that his crops have the best production. He will also pay laborers to apply the products and work in the fields so that he can assure good work. He aims to take advantage of the good weather conditions and soil conditions for this crop and put into practice his many years of experience managing crops of basic grains.

He will be able to purchase the best quality products so that his crops will have good development and health and have good production in a short time. With the income he hopes to earn from the harvest, he will care for the well-being and education of his family, meet some familiy goals, and continue investing more in his crops.

This is the first loan he has received from FUDECOSUR. He has not had loans from other state banks, but FUDECOSUR has provided a loan with better facilities and much lower interest rates.
View original language description ↓
Martín, tiene la edad de 40 años, está casado, vive con sus hijos y esposa, los cual es su mayor prioridad. Él con su crédito pretende hacer la compra de fertilizantes y otros productos para que la plantación pueda tener una mejor producción, además pagar mano de obra para la aplicación de los productos y trabajos de asistencia de la plantación, y de esta manera asegurarse de realizar un buen trabajo. Lo que pretende es aprovechar las buenas condiciones de clima y suelo que cuenta para este cultivo, y también poner en práctica la experiencia de varios años en el manejo de granos básicos. Además de poder comprar los mejores productos y de mejor calidad para que su plantación tenga un buen desarrollo y sanidad de la cosecha, y tener a corto plazo una producción adecuada. Con el ingreso de la cosecha que espera obtener la utilizará en el bienestar y estudio de su familia y cumplir con algunas metas familiares y seguir invirtiendo más en los cultivos. 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
  • 37
    View loans »
    Costa Rica Loans Fundraising
  • $4,443,750
    Funds lent in using Kiva
  • 500.5
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Martín to purchase fertilizer and pay laborers to help with his bean crop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Dec 16, 2012
Listed
Jan 6, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 19, 2013