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Victor
Enterprising Victor is 33 years old, single and currently living with his parents. He is looking for a loan as he wants to buy supplies such as fertiliser and pesticide. He wants to give his coffee plants some help, with the aim of keeping them in good condition while they are growing, so as to have a good quality product. Victor's only limitation is a lack of money needed to continue growing. He depends on this work to move forward so he is asking for a loan. This is his first with FUDECOSUR. Victor has no loans with state banks and FUDECOSUR has provided him with credit with better conditions and a much lower interest rate.
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Víctor, un hombre emprendedor , tiene 33 años de edad, es soltero y vive con sus padres 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 , la única delimitación que este caballero tiene es la falta de dinero para continuar creciendo, 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

  • $11,100
    Average annual income
  • 8
    View loans »
    Costa Rica Loans Fundraising
  • $3,979,500
    Funds lent in using Kiva
  • 500.4
    Costa Rica Colones (CRC) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $300 helped Victor to buy supplies.
99% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 23, 2013
Listed
Feb 23, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014