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Didier
Edier is 19 years old, married, and lives with his wife and two children. He wants to buy a seedbed and some supplies to replant his coffee crop. He has the land and wants to replant the most damaged parts so he can increase his harvest and grow as a coffee producer in the region. He also wants to generate more income so he can move forward with his plan and improve his wellbeing. This will be his first loan through FUDECOSUR. He has not had any other loans, but FUDECOSUR has given him a loan easily and at a much lower interest rate.
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Edier, tiene la edad de 19 años, está casado y vive con su esposa y dos hijos 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

  • $12,900
    Average annual income
  • 38
    View loans »
    Costa Rica Loans Fundraising
  • $4,441,500
    Funds lent in using Kiva
  • 506.9
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $600 helped Didier to buy supplies.
48% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 19, 2013
Listed
Sep 4, 2013
Currency Exchange Loss:
Possible