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Rolando
Rolando is 44 years old, married and lives with his wife and son whom are his main priority. With this loan he expects to buy fertilizer and other products that will help him have a good planting season, including a better quality seed that adapts well to the climatic conditions and soil characteristics. He will also pay for day laborers to plant the seeds, use the products and help with the rest of the planting in order to ensure a job well done.

He hopes to take advantage of the good climate and soil which he has access to for this crop and also would like to put in practice his experience planting basic grains for several years. He wil also be able to buy better and higher quality products so that his crops develop well and safely so that he can soon has an adequate harvest.

With the earnings from the harvest he hopes to obtain he will invest in the well-being and education of his family and fulfill a few family goals while continuing to invest in his crops. This is his first loan that he has received from FUDECOSUR. He has not had other loans in state banks but FUDECOSUR has brought forth this loan with ease and lower interest rates.
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Rolando, tiene la edad de 44 años, está casado, vive con su esposa y su hijo los cuales su mayor prioridad. Con su crédito pretende hacer la compra de fertilizantes y otros productos que le ayuden a tener una buena plantación, así como una semilla de la mejor variedad que se adapte bien a las condiciones de clima y características del suelo, además pagar mano de obra de siembra y en la aplicación de los productos y asistencia de la plantación, y de esta manera asegurarse de realizar un buen trabajo. Lo que pretende es aprovechar las buenas condiciones de clima y suelo que cuenta para este cultivo, y también poner en práctica la experiencia de varios años en el manejo de granos básicos. Además de poder comprar los mejores productos y de mejor calidad para que su plantación tenga un buen desarrollo y sanidad, y tener a corto plazo una producción adecuada. Con el ingreso de la cosecha que espera obtener y utilizarla en el bienestar y estudio de su familia y cumplir con algunas metas familiares y seguir invirtiendo más en los cultivos. 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
  • 11
    View loans »
    Costa Rica Loans Fundraising
  • $3,973,175
    Funds lent in using Kiva
  • 500.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Rolando to plant beans.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 11, 2013
Listed
Apr 11, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014