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Giovanni
Giovanni is married and lives with his wife and son. They are his top priorities. He will use the money from this loan to buy supplies such as compost, pesticides, and herbicides to help out his coffee crops. He has good farmland on which to grow this crop and produce regularly. He believes that he can improve these products and improve his harvest to maximum this year and be able to obtain greater earnings for his wellbeing and provide a better quality of life to his family. He has had several loans through FUDECOSUR. He has had prior loans from state banks, but FUDECOSUR has provided loans with greater ease and at much lower better interest rates.
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Giovanni, está casado, vive con su esposa y su hijo que son su mayor prioridad. El con el crédito pretende comprar los insumos como abonos, plaguicidas y herbicidas para la asistencia de su plantación de café. El cuenta con el terreno ya apto para la explotación de este cultivo y está en producción pero en condiciones regulares. El tiene pensado que con estos productos pueda mejorar su cosecha al máximo para este año y así obtener más ganancias para su bienestar y a la vez brindarle cada día una mejor calidad de vida a sus familiares. Es ya ha tenido varios préstamos de FUDECOSUR. El si 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
  • 33
    View loans »
    Costa Rica Loans Fundraising
  • $4,168,700
    Funds lent in using Kiva
  • 502.0
    Costa Rica Colones (CRC) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,000 helped Giovanni to buy farming supplies.
66% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 23, 2013
Listed
May 26, 2013
Currency Exchange Loss:
Possible