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Alcides
Alcides is married, 67 years old, and lives with his wife who is his top priority. This loan will be used to buy supplies to take care of his coffee seedlings, to buy fertilizers and for fumigation to prevent disease. He has made his living by growing coffee and now his coffee field needs replanting which is why he chose these coffee seedlings to repopulate his land while improving the conditions of his farm at the same time. He has a goal to increase production within a few years and in turn improve his financial stability for the future. This is the first loan he has received from FUDECOSUR. In the past, he has not had any other loans from state banks, but FUDECOSUR has offered the loan with greater ease and a much lower interest rate.
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Alcides, está casado, tiene la edad de 67 años y vive con su esposa que es su mayor prioridad. El con el crédito va comprar los insumos para la asistencia de su almacigo comprara abonos, y también productos para fumigación contra enfermedades. El se dedica a la agricultura de café y actualmente su cafetal necesita una resiembra por lo cual opto hacer este almacigo para repoblar su terreno y a la vez mejorar su plantación a mejores condiciones. El tiene como meta aumentar su producción dentro de varios años y a su vez mejorar su estabilidad económica para el futuro. 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
  • 24
    View loans »
    Costa Rica Loans Fundraising
  • $4,165,075
    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 $1,000 helped Alcides to help with planting of coffee seedlings.
39% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 27, 2013
Listed
Jun 26, 2013
Currency Exchange Loss:
Possible