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Carlos Gerardo
Carlos Gerardo is 18 years old. He is single and lives with his parents and siblings, who are his main priority. With his loan, he intends to buy bean seeds with high germination that adapt well to the area with good growth, as well as fertilizer and other products for the crop. He will also pay for labor costs to apply the products and help once there is growth. This way, he can make sure it is done well. What he intends to do is take advantage of the good weather and soil conditions in the area for this crop. He also wants to put into practice his several years of experience managing basic grains. In addition, he wants to be able to buy the best products of the best quality for his farm to have good growth and health as well as a good crop and have an important yield in the short term. With the income from the harvest he hopes to obtain, he wants to obtain well being and education for his family and achieve some family goals and keep investing in his crops. This is the first loan he has received from FUDECOSUR. He hasn't had any loans before with state banks, but FUDECOSUR has offered him the loan on better terms and a much lower rate of interest.
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Carlos Gerardo, tiene la edad de 18 años, está soltero, vive con sus padres y hermanos los cuales su mayor prioridad. Con su crédito pretende hacer la compra de semilla de frijol que tenga una alta geminación y se adapte bien a la zona y con una alto desarrollo, fertilizantes y otros productos para aplicarle a la siembra, además pagar mano de obra para la 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

  • $11,100
    Average annual income
  • 7
    View loans »
    Costa Rica Loans Fundraising
  • $3,978,825
    Funds lent in using Kiva
  • 500.0
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Carlos Gerardo to plant beans.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 9, 2013
Listed
Sep 25, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014