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Jorge
Jorge, 46, is an enterprising man. He is married and lives with his wife and two children. He is requesting a loan hoping to buy supplies such as fertilizer and fumigants. He wants to help his coffee plants to keep them in good condition as they grow so he will have a good quality product. Jorge's only limitation is a lack of money to keep growing since this work depends a lot on being able to move forward. This is why he is requesting a loan. This is his first loan from Fudecosur. He hasn't gotten other loans from state banks but Fudecosur provided him a loan with better terms and a much lower interest rate.
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Jorge, un hombre emprendedor , tiene 46 años de edad, es casado y vive con su esposa y dos hijos actualmente, el solicito un préstamo con el anhelo de comprar insumos como abonos, y fumigantes, el desea dar asistencia a los cultivos de café, con la finalidad de mantenerlas en buenas condiciones durante su desarrollo, para obtener un producto de buena calidad , la única delimitación que este caballero tiene es la falta de dinero para continuar creciendo, ya que de esta actividad económica dependen para poder salir adelante, por lo que él hace una solicitud de crédito , y es el primer préstamo que ha recibido de FUDECOSUR. El no registra 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

  • $12,900
    Average annual income
  • 27
    View loans »
    Costa Rica Loans Fundraising
  • $4,365,675
    Funds lent in using Kiva
  • 504.0
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $800 helped Jorge to buy supplies.
63% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 2, 2013
Listed
Oct 1, 2013
Currency Exchange Loss:
Possible