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Marvin
Marvin is 46 years old, married and lives with his wife and three kids. With this loan, he will buy supplies for coffee handling. With this loan, he will buy the necessary fertilizers to best treat the land, and this way it will be in good condition for the next harvest. He wants to obtain the best results and highest profits from his coffee plantation for his own well-being and to reach goals he has for his future.

This is the first loan he has received from FUDECOSUR. He has not had any other loans from state banks, but FUDECOSUR has offered him this loan with more favorable conditions and a much lower interest rate.
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Marvin, tiene la edad de 46 años, está casado y vive con la esposa y tres hijos. El con el crédito va comprar los insumos para la asistencia de café. El con el crédito comprara los fertilizantes necesarios para asistir de la mejor forma y así tenerlo en condiciones buenas para la próxima cosecha. El quiere obtener de su cafetal los mejores resultados y las mayores ganancias para su bienestar y cumplir metas que tiene planeadas para su futuro.. 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

  • $12,900
    Average annual income
  • 26
    View loans »
    Costa Rica Loans Fundraising
  • $4,365,675
    Funds lent in using Kiva
  • 503.0
    Costa Rica Colones (CRC) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,000 helped Marvin to buy fertilizer for his coffee plantation.
99% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Disbursed:
Feb 7, 2013
Listed
Feb 4, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2015