Check out some available loans that are similar to this one!
Alexis
Alexis is 58 years old, married and lives with his children and wife, who are his priority in life. With the loan, Alexis wants to buy fertilizers and fungicides, and pay for the labor he needs for his coffee plantations. He also wants to buy “almáciga” plants [a species of the pistachio tree] to replant, increase the density of plants in his land and take advantage of the good soil properties, the weather and other conditions that are beneficial for his coffee plants. With these improvements to his plantation, he hopes to receive more profits and improve his family’s life, be able to invest more in his plants and reach some of his goals.

This is his first loan with FUDECOSUR. He had not had other loans before with state-run banks, but FUDECOSUR has granted him a loan more easily and at a much lower interest rate.
View original language description ↓
Alexis, tiene la edad de 58 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. 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

  • $11,100
    Average annual income
  • 16
    View loans »
    Costa Rica Loans Fundraising
  • $4,065,825
    Funds lent in using Kiva
  • 499.5
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Alexis to buy agricultural supplies for his coffee plantation and pay for labor.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 27, 2013
Listed
Mar 24, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 29, 2014