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Adrian
Adrian is an enterprising man. He is 25-years old, single and currently lives with his mother. He is requesting a loan with the hopes of purchasing supplies like compost and insecticides. He hopes to use them to help out his coffee crop. He wants to keep the crop healthy as it grows so he can obtain a good quality product. The only limit this gentleman faces is a lack of money, which would otherwise allow him to keep growing his business. He and his mother financially depend on this business to get ahead, which is why Adrian is requesting a loan. This is the first loan he has received from FUDECOSUR. He has not taken other loans from state banks, but FUDECOSUR has offered him a loan at better terms and a much lower interest rate.
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Adrian , un hombre emprendedor , tiene 25 años de edad, está soltero y vive con la mama 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 el y la mama , 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
  • 14
    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 $1,000 helped Adrian to purchase compost.
33% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 6, 2013
Listed
Jul 4, 2013
Currency Exchange Loss:
Possible