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Cosme
Cosme is 64 years old and lives with his children and wife who are his main priority in life. He plans to use his loan to buy fertilizers and fungicides, and to pay workers to carry out some work on his coffee plants. He will also buy some nursery plants so that he can do some resowing at the beginning of the rainy season. This will help him to increase his plant density and he will be able to make the most of the good fertility of the soil, the climatic conditions and other conditions that favor coffee growing. With these improvements in place, he hopes to make a little profit and thereby improve his family's living conditions. He will also invest a little more in his crops and achieve some goals.

This is Cosme's first loan from FUDECOSUR. He has never received any loans from state banks but FUDECOSUR have offered him this loan with better terms and a much lower interest rate.
View original language description ↓
Cosme, tiene la edad de 64 años, está casado, vive con sus hijos y esposa que son su mayor prioridad. Con su crédito pretende hacer la compra de fertilizantes, fungicidas y pagar mano de otra en trabajos de asistencia para el café, además de comprar algunas plantas de almácigo para hacer resiembras 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 condiciones 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

  • $11,100
    Average annual income
  • 0
    View loans »
    Costa Rica Loans Fundraising
  • $4,018,325
    Funds lent in using Kiva
  • 501.0
    Costa Rica Colones (CRC) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $800 helped Cosme to buy fertilizers and fungicides, and to pay workers.
33% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 3, 2013
Listed
May 28, 2013
Currency Exchange Loss:
Possible