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Adan
Adam is 42 years old. He is single and lives with two of his children. He needs this loan to buy materials such as manure for a greenhouse for cilantro and vegetables. He grows vegetables and wants to continue growing with this project in order to sell in supermarkets and neighboring towns. He wants to increase his production a bit and thereby his sales so he can provide a better quality of life and economic stability for his children. He has dedicated himself to growing vegetables. This is the first loan he has received from FUDECOSUR. He had not previously had loans through state banks, but FUDECOSUR has given him a loan with better repayment terms and a much lower interest rate.
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Adan tiene 42 años de edad, esta soltero y vive con dos hijos. El crédito lo quiere para la compra de materiales, abono para un invernadero de culantro y hortalizas, el se dedica a esta actividad agrícola y desea poder seguir creciendo con este proyecto y poder venderlo en los supermercados y lugares aledaños. El quiere aumentar un poco la producción y con ello las ventas para poder brindarle una mejor calidad de vida y una estabilidad económica a sus hijos. El se ha dedicado al cultivo de hortalizas. 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
  • 7
    View loans »
    Costa Rica Loans Fundraising
  • $3,978,825
    Funds lent in using Kiva
  • 499.0
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,025 helped Adan to buy inputs for growing vegetables.
33% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 13, 2014
Listed
Jan 18, 2014
Currency Exchange Loss:
Possible