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Marco
Marco, 62, is married and lives with his wife and three children. He wants to buy seedlings to resow his coffee plantation as well as some supplies.

He depends on the soil and wants to resow the most damaged areas to increase the next harvest. He wants to become a bigger coffee grower in the area.

With these improvements he aims to increase coffee production and also generate income in order to keep moving ahead and improve his well being.

This is the first loan he receives from FUDECOSUR. He has no previous state-run bank loans. FUDECOSUR easily gave him a loan with a low interest rate.
View original language description ↓
Marco, tiene la edad de 62 años, está casado y vive con su esposa y los tres hijos actualmente. El quiere compra almacigo para la resiembra de su cafetal y también algunos insumos. El cuenta con el terreno y lo que quiere es resembrar las zonas más dañadas para así aumentar la cosecha próxima y crecer como un caficultor de la zona. El pretende con estas mejoras generar mayor producción de café y así también le genere ganancias para seguir adelante con su proyecto y mejorar su bienestar. Es el primer préstamo que 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

  • $11,100
    Average annual income
  • 38
    View loans »
    Costa Rica Loans Fundraising
  • $4,168,700
    Funds lent in using Kiva
  • 499.6
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Marco to buy supplies and coffee.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 22, 2013
Listed
Feb 22, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014