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Miguel is 61 years old, married, and lives with his son and wife, who are his highest priority. With his loan, he would like to buy fertilizers and other chemical products, as well as seeds, in addition to paying for labor for the planting and caring for the field. In this way, he would be assured of doing a good job.

What he hope to do is take advantage of good climatic and soil conditions for this crop, and also put into practice many years of experience in managing these plants. In addition to being able to buy the best products and of the best quality so that his farm grows well and healthy, in the short term he will have adequate yield.

He will use the income from the harvest that he hopes to get for the wellbeing of his family, to achieve some family goals and to continue investing more in the crops.

This is the first loan that he has received from FUDECOSUR. He has not had previous loans with state banks, but FUDECOSUR has offered him the loan with better terms and at much lower interest rates.
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Miguel, tiene la edad de 61 años, está en casado, vive con su hijo y 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.


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

About Costa Rica

  • $11,100
    Average annual income
  • 26
    View loans »
    Costa Rica Loans Fundraising
  • $4,168,700
    Funds lent in using Kiva
  • 499.5
    Costa Rica Colones (CRC) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $725 helped Miguel to plant ñampi [Costa Rican tuber].
33% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Apr 20, 2013
Apr 30, 2013
Currency Exchange Loss: