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Errol
Errol's highest priority is the welfare of his family. He is 43, married, and lives with his wife and children.

Errol will use these loan funds to purchase supplies to manage his coffee plantation: manure, pesticides, and fumigation products. Errol's land has produced coffee for several years, but he now needs to make investments in order to achieve maximum yields. Errol's goal is to generate higher income that will provide for his family and ensure a brighter figure. Errol has not borrowed from state-owned banks before. This is his first loan from FUDECOSUR, which has offered him a simpler application process and much lower interest rates.
View original language description ↓
Errol, está casado, tiene la edad de 43 años y vive con su esposa e hijos que son su mayor prioridad. El con el crédito va comprar los insumos para la asistencia de su plantación, el comprara abonos, plaguicidas y todo los productos de fumigación. El cuenta con un terreno ya en producción desde varios años atrás y actualmente necesita mejorarla para así poder obtener de esta el máximo rendimiento en producción. El tiene como meta generar más ingresos económicos para su bienestar familiar y tener un mejor 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
  • 498.8
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $450 helped Errol to manage his coffee plantation.
33% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 6, 2013
Listed
Jul 8, 2013
Currency Exchange Loss:
Possible