Check out some available loans that are similar to this one!
Miguel Angel
Miguel Ángel is 53 years old, is married and lives with his wife and children who are his main priority. With his loan he intends to buy fertilizers and pay for labour for preparing the land and carrying out some soil conservation work. This will prevent the erosion which is mainly caused by rainfall and so maintain the fertility a little better. After this he will plant chilli seedlings and by doing all of this he will be sure of doing a good job. He wants to buy the best good quality products so that his plants are healthy and develop well, as well as getting a good yield in the short term.

This is the first loan he has had with FUDECOSUR. He had not had other loans from State banks before, but FUDECOSUR has provided him with the loan on better terms and at a much lower interest rate.
View original language description ↓
Miguel Ángel, tiene la edad de 53 años, está casado, vive con su esposa y sus hijos que son su mayor prioridad. El con su crédito pretende hacer la compra de fertilizantes y pagar mano de obra en trabajos de preparación del terreno y realizar algunas labores de conservación de suelos para evitar la erosión que se da principalmente por el agua de lluvia y así conservar un poco más la fertilidad y después realizar la siembra del almácigo de chile, y de esta manera asegurarse de realizar un buen trabajo. Lo que quiere es poder comprar los mejores productos y de buena calidad para que su plantación tenga un buen desarrollo y sanidad, además tener a corto plazo una buena producción. 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.

Tags

About Costa Rica

  • $11,100
    Average annual income
  • 33
    View loans »
    Costa Rica Loans Fundraising
  • $4,168,700
    Funds lent in using Kiva
  • 498.9
    Costa Rica Colones (CRC) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,025 helped Miguel Angel to plant chilli plants.
33% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 25, 2013
Listed
Oct 23, 2013
Currency Exchange Loss:
Possible