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Eliecer
Eliecer, age 66, is an enterprising man. He is married, and he currently lives with his wife and four children. He requested a loan because he wants to buy supplies like fertilizers and fumigants. He wants to give care to his coffee crops in order to keep them in good condition while they are developing. He wants to do this in order to get a good quality product.

The only limit that this gentleman has is the lack of money in order to continue growing. They depend upon this business activity in order to be able to get ahead. That is why he is requesting a loan. It is his first loan with FUDECOSUR. He does not have other loans with state banks. FUDECOSUR offered him the loan with the best terms and a much lower interest rate.
View original language description ↓
Eliecer , un hombre emprendedor , tiene 66 años de edad, es casado y vive con su esposa y cuatro hijos actualmente, el solicito un préstamo con el anhelo de comprar insumos como abonos, y fumigantes, el desea dar asistencia a los cultivos de café, 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.

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About Costa Rica

  • $11,100
    Average annual income
  • 16
    View loans »
    Costa Rica Loans Fundraising
  • $4,065,825
    Funds lent in using Kiva
  • 502.4
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $500 helped Eliecer to buy supplies.
39% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 13, 2013
Listed
Jul 4, 2013
Currency Exchange Loss:
Possible