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Ginna
Ginna is 34. She is married and lives with her husband and son who is her highest priority. She wants to use this loan to buy fertilizers and other products to apply to her bean crops so they can grow stronger, and, also to hire some help to work on soil conservation to prevent erosion mainly by rain and to apply those fertilizers and assist her during the planting process, so she can be sure she is going a good job. She aims to take advantage of good weather and soil conditions in her area ideal for this crop, and also to use her many years of experience in handling basic grains. Also, she wants to be able to buy the best quality products for planting that will have a good development and health as well as an adequate harvest, and have a significant short-term production. She hopes to use the earnings from this harvest to cover family and school expenses and to meet some family goals as well as to continue investing in more crops. This is her first loan received from FUDECOSUR. She had't had loans from any other state banks, but FUDECOSUR gave her this loan without problems and at a very low rate.
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Ginna, tiene la edad de 34 años, está casada, vive con su esposo y su hijo los cuales su mayor prioridad. Con su crédito pretende hacer la compra de fertilizantes y otros productos para aplicarle a la siembra de frijol y así que tenga un buen desarrollo, además pagar mano de obra de trabajos de conservación de suelos para evitar la erosión principalmente por la lluvia y en 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. 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
  • 11
    View loans »
    Costa Rica Loans Fundraising
  • $4,106,550
    Funds lent in using Kiva
  • 540.5
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $950 helped Ginna to plant beans.
5% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 9, 2014
Listed
Jul 13, 2014
Currency Exchange Loss:
Possible