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Fernando
Fernando is 67 years old. He is married and lives with his wife and daughter, who are his biggest priorities. With this loan Fernando plans to buy fertilisers and other products for when he sows his crops. With this the seeds will grow better and he will have a better quality product. In addition he will use the money to pay labourers to apply the products and to assist with the planting once everything is ready. This way he will be able to do a good job. Fernando is planning to take advantage of the good weather conditions and the good state of the ground in the region for these crops. He will also use his years of experience to manage these basic grains. As well as buying better products of a higher quality so that the crops develop well and healthy, he will also have a good yield with good production levels in the short term. He hopes the harvest will generate a good income to look after his family's well-being and education. He also wants to achieve some personal goals and continue investing in the plantation. This is Fernando's first loan with Fudecosur. He has no other loans with state banks but Fudecosur has provide Fernando with a loan under better conditions and with a much lower interest rate.
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Fernando, tiene la edad de 67 años, está casado, vive con su esposa y su hija los cuales su mayor prioridad. Con su crédito pretende hacer la compra de fertilizantes y otros productos para aplicarle a la siembra y así que tenga una buena geminación, y semilla de buena calidad, además pagar mano de obra para la aplicación de los productos y asistencia de la plantación una vez que tenga desarrollo, y de esta manera asegurarse de realizar un buen trabajo. Lo que pretende es aprovechar las buenas condiciones de clima y suelo que cuenta la zona 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 al igual que una cosecha adecuada, y tener a corto plazo una producción importante. Con el ingreso de la cosecha que espera obtener quiere 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

  • $12,900
    Average annual income
  • 37
    View loans »
    Costa Rica Loans Fundraising
  • $4,441,500
    Funds lent in using Kiva
  • 501.0
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Fernando to sow beans.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 11, 2013
Listed
Apr 12, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2015