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Francisco
Francisco is 51 years old. He is married and lives with his children and wife and names them as his biggest priority in life.

With his loan he intends to buy copperwood plants which give a good return and pay a coffee worker so that he can resow at the start of the rainy season. His objective is to increase the density of plants in the area and make the most of the fertile land and good climatic conditions that favour coffee cultivation.

With these improvements, he hopes to obtain some profits and improve his family's living conditions as well as invest a little more in cultivation and in meeting some goals.

This is the first loan that he has received from FUDECOSUR. He has never had any bank loans before but FUDECOSUR has allowed him easy access to the loan and the interest rates are very low.
View original language description ↓
Francisco, tiene la edad de 51 años, está casado, vive con sus hijos y esposa que son su mayor prioridad. Con su crédito pretende hacer la compra de almácigo de una variedad que dé un buen rendimiento, además pagar mano de otra en trabajos de asistencia para el café, y así hacer una resiembra a inicio de lluvias esto con el objetivo de aumentar la densidad de plantas por área, además de aprovechar la buena fertilidad del suelo y las condiciones de clima y otras que favorecen al cultivo de café. Con estas mejoras al cultivo espera obtener un poco de ganancias y así mejorar las condiciones de vida de su familia y también invertir un poco más en el área de cultivo y también cumplir algunas metas. 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
  • 22
    View loans »
    Costa Rica Loans Fundraising
  • $4,363,200
    Funds lent in using Kiva
  • 500.2
    Costa Rica Colones (CRC) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,000 helped Francisco to aid coffee cultivation.
66% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 23, 2013
Listed
May 5, 2013
Currency Exchange Loss:
Possible