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Lauren
Lauren is 20 years old and married. She lives with her husband and child, who are her main priorities.

She plans to use the loan to purchase corn seeds which are of good quality, have a high germination rate, and which grow well in varying climate and soil conditions. She would also purchase fertilizers and other products to use at planting time, and pay for the manual labor needed during planting, application of fertilizers and other products, and once the crop is ready. This will allow her to do the job well.

Lauren would like to take advantage of the good climate conditions and soil in this area, and wants to put into practice several years of experience handling basic grains. She would like to be able to buy the best quality products so that she can cultivate her field well and have a good harvest. In the short term, she would like a significant output.

Lauren hopes to use the income from the crop to ensure the well-being and education of her family, fulfill some familial obligations, and continue investing in farming.

This is the first loan that Lauren is receiving from FUDECOSUR. She has never had other loans from state banks, but FUDECOSUR has given her the loan without any difficulty and with a much lower interest rates.
View original language description ↓
Lauren, tiene la edad de 20 años, está casada, vive con su esposo y su hijo los cuales son su mayor prioridad. Con su crédito pretende hacer la compra de semilla de maíz de buena calidad con un alto porcentaje de germinación y que se adapte bien a la condiciones de clima y condiciones de suelo, fertilizantes y otros productos para aplicarle en el momento de la siembra, además pagar mano de obra para la siembra y aplicación de los productos y asistencia de la plantación una vez que tenga desarrollo, y de esta manera asegurarse de realizar un buen trabajo. Lo que pretende es aprovechar las buenas condiciones de clima y suelo que cuenta la zona para este cultivo, y también poner en práctica la experiencia de varios años en el manejo de granos básicos. Además de poder comprar los mejores productos y de mejor calidad para que su plantación tenga un buen desarrollo y sanidad al igual que una cosecha adecuada, y tener a corto plazo una producción importante. Con el ingreso de la cosecha que espera obtener quiere utilizarla en el bienestar y estudio de su familia y cumplir con algunas metas familiares y seguir invirtiendo más en los cultivos. Es el primer préstamo que recibido de FUDECOSUR. Él 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

  • $12,900
    Average annual income
  • 37
    View loans »
    Costa Rica Loans Fundraising
  • $4,443,750
    Funds lent in using Kiva
  • 506.9
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $800 helped Lauren to grow corn.
50% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 18, 2013
Listed
Sep 7, 2013
Currency Exchange Loss:
Possible