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Luis
Luis is an enterprising man who is 39 years old, married and lives with his wife. He is requesting a loan with the desire of purchasing supplies like fertilizers. He wants to care for his rice crops with the aim of maintaining them in good condition during their development in order to obtain a good quality product. The only limitation that this gentleman has is the lack of money to continue growing as they depend on this economic activity in order to be able to get ahead. That is why he is making a request for a loan and it is the first loan that he has received from FUDECOSUR. He has not had other loans from state banks before but FUDECOSUR has offered him the loan with greater ease and a much lower interest rate.
View original language description ↓
Luis, un hombre emprendedor , tiene 39 años de edad, es casado y vive con su esposa actualmente, el solicito un préstamo con el anhelo de comprar insumos como abonos, el desea dar asistencia a los cultivos de arroz, con la finalidad de mantenerlas en buenas condiciones durante su desarrollo, para obtener un producto de buena calidad , la única delimitación que este caballero tiene es la falta de dinero para continuar creciendo, ya que de esta actividad económica dependen para poder salir adelante, por lo que él hace una solicitud de crédito , y es el primer préstamo que ha recibido de FUDECOSUR. El no registra 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
  • 7
    View loans »
    Costa Rica Loans Fundraising
  • $3,979,500
    Funds lent in using Kiva
  • 500.6
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $400 helped Luis to purchase supplies for planting rice.
33% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 29, 2013
Listed
Jul 1, 2013
Currency Exchange Loss:
Possible