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María Gerardina
María Gerardina is 46 years old and married. She lives with her husband and her children, who are her biggest priority. María plans to use this loan to buy fertilisers and seeds for growing beans. She will buy seeds that can adapt to the climate and to the local earth. María will also buy other products for her crops, so that they grow well. Finally, María will use the loan to pay for labourers to apply all these products and to help with planting. With all this María knows she will have done a good job and will therefore have a good harvest. María wants to take advantage of the local climate and earth, which will be good for these crops. She wants to put her many years of experience growing beans into practice. María will buy the best products of the highest quality for her crops to develop healthy and well and to give a good harvest. In the short term María would like to have a big yield of crops. With the income that María hopes to earn from her harvest, she well pay to look after her family's well-being and their education, and will achieve some family goals. She will also continue to invest in her crops. This is María's first loan from "FUDECOSUR". She has had no previous loans with state banks and "FUDECOSUR" is providing this loan under better conditions and with a lower interest rate.
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María Gerardina, tiene la edad de 46 años, está casada, vive con su esposa y sus hijos los cuales su mayor prioridad. Con su crédito pretende hacer la compra de fertilizantes, semilla de frijol con buenas características para de adopción a las condiciones de clima y suelo de la zona y otros productos para aplicarle a la siembra y así que tenga una buena geminación, 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 y así poder tener una buena cosecha. 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. Ella 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
  • 56
    View loans »
    Costa Rica Loans Fundraising
  • $4,320,650
    Funds lent in using Kiva
  • 503.7
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,000 helped María Gerardina to grow beans.
33% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 15, 2013
Listed
Oct 14, 2013
Currency Exchange Loss:
Possible