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Luis
Luis is a 41-year old man who is married and lives with his wife and four children. He's requesting a loan to buy fertilizers and to work in a rice plantation that they want to start. He wants to provide the crop with an adequate maintenance so that it can produce more and generate higher income.

His goal is to provide his family with a better quality of life and financial stability, and to continue growing as person and farmer.

This is his first loan with FUDECOSUR. He hasn't had loans with national banks in the past but FUDECOSUR has offered him better conditions and lower interest rates.
View original language description ↓
Luis tiene la edad de 41 años, está casado y vive con la esposa y cuatro hijos. El crédito lo quiere para la compra de abono y dar asistencia a una plantación de arroz que quieren iniciar. 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

  • $11,100
    Average annual income
  • 5
    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 $500 helped Luis to buy supplies to cultivate rice.
61% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 29, 2013
Listed
Jul 1, 2013
Currency Exchange Loss:
Possible