Check out other loans that are currently fundraising!
Eduard
Eduard, age 28, is in a common-law marriage. He lives with his wife, and she is his greatest priority.

He intends to use the loan to buy fertilizers, other chemical products, and seeds. He will also pay for the labor to sow and tend to the plants. This way he will make sure that he does a good job.

He is trying to take advantage of the good climate and soil conditions that he has for this crop. He will also put into practice his several years of experience managing these plants.

In addition to being able to buy the best products and the best quality for his plants, they will develop well, and they will be healthy. He will have a suitable production in the short term.

He will use the income from the harvest that he hopes to have for his family’s well-being. He will also meet some family goals and continue investing more in the crops.

This is his first loan from FUDECOSUR. He had no previous loans with state banks but FUDECOSUR gave the loan with better terms and a much lower interest rate.
View original language description ↓
Eduard, tiene la edad de 28 años, está en unión libre, vive con su esposa y la cual es su mayor prioridad. Él con su crédito pretende hacer la compra de fertilizantes y otros productos químicos como también la semilla, además pagar mano de obra para la siembra 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 estas plantas. 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 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
  • 17
    View loans »
    Costa Rica Loans Fundraising
  • $4,065,825
    Funds lent in using Kiva
  • 500.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Eduard to grow ginger.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 9, 2013
Listed
Apr 8, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014