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Isidro
Isidro, aged 37, is married and lives with his wife and children, who are his main priority. With the loan, he intends to buy fertilizers and if possible manure and other things to apply to his crop to have good growth. He will also buy high quality seeds that adapt well to the local conditions as well as pay for labor costs to apply the products and help once they have good development. This way he can ensure that it turns out well. what he intends to do is take advantage of the good weather and soil conditions in the area for this crop as well as out his years of experience with various grains into use. He also wants to buy the best products of the best quality so his crop will develop well and be healthy and have a good harvest and good production in the short term. He wants to use the income from the harvest he hopes to obtain on his family's well being and education and reach some family goals as well as keep investing in his crops. This is the first loan he has received from FUDECOSUR. He hasn't had any other loans in state banks, but FUDECOSUR has offered him the loan with more ease of payment and a much lower interest rate.
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Isidro, tiene la edad de 37 años, está casado, vive con su esposa y su hijos los cuales su mayor prioridad. Con su crédito pretende hacer la compra de fertilizantes y si es posible orgánicos y otros productos para aplicarle a la siembra y así que tenga una buena geminación, y semilla de buena calidad que se adapte bien a las condiciones de la zona, además pagar mano de obra para la aplicación de los productos y asistencia de la plantación una vez que tenga desarrollo, y de esta manera asegurarse de realizar un buen trabajo. Lo que pretende es aprovechar las buenas condiciones de clima y suelo que cuenta la zona para este cultivo, y también poner en práctica la experiencia de varios años en el manejo de granos básicos. Además de poder comprar los mejores productos y de mejor calidad para que su plantación tenga un buen desarrollo y sanidad al igual que una cosecha adecuada, y tener a corto plazo una producción importante. Con el ingreso de la cosecha que espera obtener quiere utilizarla en el bienestar y estudio de su familia y cumplir con algunas metas familiares y seguir invirtiendo más en los cultivos. 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
  • 1
    View loans »
    Costa Rica Loans Fundraising
  • $4,022,575
    Funds lent in using Kiva
  • 498.9
    Costa Rica Colones (CRC) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,025 helped Isidro to plant beans.
98% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 19, 2013
Listed
Jun 13, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014