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Orlando
44-year old Orlando is an entrepreneur. He is single and currently lives with his parents. He is seeking a loan to buy seeds and the necessary supplies to make a small coffee plant nursery. His goal is to make sure the plants stay healthy as they develop so that when they are ready for planting, they are of good quality. He will plant them in a small piece of land that he owns next to his parents.

The only limitation that Orlando faces in order to get ahead is a lack of money. This is his first loan with FUDECOSUR. He has not had any previous loans with state banks, but FUDECOSUR has provided him with a simple payment schedule and much lower interest rates.
View original language description ↓
Orlando, un hombre emprendedor , tiene 44 años de edad, esta soltero y vive con los padres actualmente, el solicito un préstamo con el anhelo de comprar semilla y los insumos necesarios para la realización de un almacigo de café, con la finalidad de mantenerlas en buenas condiciones durante su desarrollo, para obtener un producto de buena calidad y así poder sembrarlo en una pequeña propiedad que tiene junto sus padres , 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
  • 0
    View loans »
    Costa Rica Loans Fundraising
  • $4,023,725
    Funds lent in using Kiva
  • 499.4
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $625 helped Orlando buy seeds to make a coffee plant nursery.
36% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 7, 2013
Listed
Apr 5, 2013
Currency Exchange Loss:
Possible