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Daniel
Daniel is married, is 46 years old, and lives with his wife and three children, who are his greatest priority in life. With the loan that he is seeking he will buy inputs to help him in the cultivation of chili peppers. He will buy fertilizers, pesticides, and all kinds of products that are necessary to provide optimum conditions for his crop.

He is starting this new project and hopes that it will go very well and that he will be able to provide a good employment option for many people in his community as labor. At the same time he hopes to make a good profit from the project, and so improve his financial position and continue to strengthen his finances into the future. He hopes to be able to provide his family with a better quality of life and to help them do well in everything.

This is the first loan that he has received from FUDECOSUR. He had not previously received other loans from state banks, but FUDECOSUR has offered him this loan with better terms and a much lower interest rate.
View original language description ↓
Daniel, está casado, tiene la edad de 46 años y vive con su esposa y 3 hijos que son su mayor prioridad. El con el crédito va comprar los insumos para la asistencia de su siembra de chile, el comprara los abonos, plaguicidas, y todo tipo de producto que sea necesario para mantenerlos en optimas condiciones. El está comenzando con este proyecto nuevo y espera le valla muy bien pues es muy buena alternativa de trabajo para muchas personas de su comunidad como mano de obra y a la vez espera obtener muy buenas ganancias del proyecto para mejorar su nivel económico e ir fortaleciendo su economía para el futuro. Espera poder brindarle a su familia una mejor calidad de vida y salir adelante con todo. 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
  • 22
    View loans »
    Costa Rica Loans Fundraising
  • $4,356,875
    Funds lent in using Kiva
  • 504.1
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,000 helped Daniel to grow chili peppers.
37% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 17, 2013
Listed
Sep 17, 2013
Currency Exchange Loss:
Possible