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Reiman
Reiman is 29 years old, is married, and lives with his wife and his daughter, who are his top priority. With this loan he hopes to buy bean seeds that are in good condition and that have traits that mean the plants will develop well, as well as fertilizers and other products to apply during planting in order for the seeds to germinate well. He also wants to pay for workers to help prepare the land for planting and to apply the products, as well as help with the farm once the plants are growing, so that he can be assured to have the work go well. He hopes to take advantage of the good climate and soil conditions in his area for this crop and to put into practice various years of experience in handling staple foods. He also hopes to buy the best quality products so that his farm will be healthy and well developed in addition to providing a good crop and producing well in the short term. With the earnings from the harvest he hopes to have he would like to improve his family's well-being and schooling, accomplish some things for his family, and continue investing in his farm. This is the first loan he has received from FUDECOSUR (Kiva Field Partner). He has never gotten any other loans from national banks, but FUDECOSUR has offered him this loan with greater ease and lower interest rates.
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Reiman, tiene la edad de 29 años, está casado, vive con su esposa y su hija los cuales su mayor prioridad. Con su crédito pretende hacer la compra de semilla de frijol que tenga buenas condiciones y características de buen desarrollo de la planta, fertilizantes y otros productos para aplicarle a la siembra y así que tenga una buena geminación, además pagar mano de obra en la preparación del terreno antes de la siembra y 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. 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. Él 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
  • 12
    View loans »
    Costa Rica Loans Fundraising
  • $4,059,650
    Funds lent in using Kiva
  • 552.5
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Reiman plant beans.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 18, 2014
Listed
Jun 11, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014