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Leivin
Leivin is 30 years old. He is married and today lives with his wife and son.

He wants to buy nursery seeds in order to replant his coffee farm and also to buy some supplies. He says the land needs to be replanted in the damaged areas in order to expand the next crop and to grow as a coffee farmer in the area. He is hoping that with these improvements he can generate a better coffee production and therefore generate earnings so he can move ahead with his project and improve his standard of life.

This is the first loan he has received through FUDECOSUR. He has not had other loans from state banks but FUDECOSUR offered him a loan with better terms and with a much lower interest rate.
View original language description ↓
Leivin, tiene la edad de 30 años, está casado y vive con su esposa y un hijo actualmente. El quiere compra almacigo para la resiembra de su cafetal y también algunos insumos. El cuenta con el terreno y lo que quiere es resembrar las zonas más dañadas para así aumentar la cosecha próxima y crecer como un caficultor de la zona. El pretende con estas mejoras generar mayor producción de café y así también le genere ganancias para seguir adelante con su proyecto y mejorar su bienestar 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
  • 12
    View loans »
    Costa Rica Loans Fundraising
  • $4,120,200
    Funds lent in using Kiva
  • 504.0
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,000 helped Leivin to buy supplies and nursery seeds.
43% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 7, 2013
Listed
Aug 25, 2013
Currency Exchange Loss:
Possible