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Cecilio
Cecilio, 31, is married and lives with his wife and son. He is requesting this loan to buy fertilizer and to improve a coffee plantation. He wants to complete the maintenance necessary for harvesting so he will have higher production and, therefore, more income.

In the future, he hopes to give his family a better quality of life and better economic stability. He also wants to keep growing as a person and a farmer. This is the first loan he is receiving through FUDECOSUR. He hadn't gotten other loans from state banks before, but FUDECOSUR gave him a loan with better terms and a much lower interest rate.
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Cecilio tiene la edad de 31 años, está casado y vive con la esposa y un hijo actualmente. El crédito lo quiere para la compra de abono y dar asistencia a una plantación de café. El desea darle el adecuado mantenimiento al cultivo para que este le permita tener una mayor producción y así tener mayores ingresos económicos. El espera en un futuro brindarle a su familia una mejor calidad de vida y una mayor estabilidad económica, y de poder seguir creciendo como persona y como productor. 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.

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About Costa Rica

  • $11,100
    Average annual income
  • 0
    View loans »
    Costa Rica Loans Fundraising
  • $4,022,575
    Funds lent in using Kiva
  • 500.0
    Costa Rica Colones (CRC) = $1 USD