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Gerardo
Gerardo is married and he is 48 years old. He lives with his wife and three children, who are his main priority. He will use this loan to buy supplies like fertilizer and pesticides for his crops of corn and beans. He has some land already planted and he needs to improve it so that his crops have the optimal conditions to yield a bigger harvest this year. He hopes to sell his products at a very good price and obtain a higher profit for his family's wellbeing. This is the third loan he receives from FUDECOSUR. They grant him loans with easier payment terms and much lower interest rates.
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Gerardo, está casado, tiene la edad de 48 años, vive con su esposa y 3 hijos que son su mayor prioridad. El con el crédito va comprar los insumos como abonos y plaguicidas para la asistencia de sus siembras de maíz y frijol. El cuenta con unos terreno a su poder ya sembrados y necesita darle mejorar para tener sus plantaciones en condiciones optimas para generar más producción este año. El espera venderla a un muy buen precio y obtener de esta mayores ganancias para el bienestar de su familia. Es el tercer 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
  • 25
    View loans »
    Costa Rica Loans Fundraising
  • $4,165,075
    Funds lent in using Kiva
  • 504.5
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,000 helped Gerardo to grow corn and beans.
33% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 21, 2013
Listed
Oct 28, 2013
Currency Exchange Loss:
Possible