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Jonathan Gerardo
Jonathan is married. He’s 27-years-old and has two children who are his main priority.

He will use the loan to buy farm supplies like manure and fumigation to improve his coffee crops. He’s worked for several years growing this crop so he feels it’s favorable to give it maintenance in order to improve it. He also wants to repopulate his plantation with new plants in order to increase future crop yields. He hopes his coffee plantation will produce the maximum profits so he can make his payments and improve his economic stability every day.

This is the first loan he’s gotten from Fudecosur. He’s had no previous banks with state banks and Fudecosur has given him the best terms and a much lower interest rate.
View original language description ↓
Jonathan, está casado, tiene la edad de 27 años y posee dos hijos que son su mayor prioridad. El con el crédito va comprar los insumos como abonos y fumigaciones para mejorar su cafetal. El se a dedicado desde varios años atrás a trabajar con este cultivo por lo cual ve favorable asistirlo para mejorarlo. Además quiere también repoblar su plantación con nuevas plantas para aumentar sus próximas cosechas. El espera recibir de su cafetal el máximo de las ganancias para salir adelante con sus pagos y mejorar cada día su estabilidad económica. Es el primer préstamo que recibido de FUDECOSUR. El 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
  • 38
    View loans »
    Costa Rica Loans Fundraising
  • $4,168,700
    Funds lent in using Kiva
  • 497.5
    Costa Rica Colones (CRC) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $525 helped Jonathan Gerardo to buy farm supplies.
98% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 15, 2013
Listed
May 17, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014