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Roy
Roy is 37 years old, married and lives together with his wife and two children. He is requesting a loan to buy compost and give maintenance to his coffee plantation, in order to improve the production and increase his income. Roy hopes to give his family a better quality of life and a more stable economy in the future. He also wants to continue growing as a person and as a coffee producer.

This is Roy’s first loan with FUDECOSUR. He had not had loans with public banks before, but FUDECOSUR offered him a loan with better conditions and a much lower interest rate.
View original language description ↓
Roy tiene la edad de 37 años, está casado y vive con la esposa y dos hijos. El crédito lo quiere para la compra de abono y dar asistencia a una plantación de café. El desea darle el adecuado mantenimiento al cultivo para que este le permita tener una mayor producción y así tener mayores ingresos económicos. El espera en un futuro brindarle a su familia una mejor calidad de vida y una mayor estabilidad económica, y de poder seguir creciendo como persona y como productor. 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

  • $12,900
    Average annual income
  • 36
    View loans »
    Costa Rica Loans Fundraising
  • $4,441,500
    Funds lent in using Kiva
  • 502.0
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,000 helped Roy to buy agricultural supplies for his coffee plantation.
66% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 23, 2013
Listed
May 25, 2013
Currency Exchange Loss:
Possible