Check out some available loans that are similar to this one!
Yerelin Carolina
Yerelin Carolina, age 22, is single. She lives with her parents and siblings, who are her greatest priority. With her loan she plans to buy fertilizer and fungicides and to pay for the labor in caring for the coffee. She will also buy some nursery plants to re-seed.

Her objective for doing this is to increase the density of the plants in the area. She will also take advantage of the ground’s good fertility, the climate conditions, and other factors that favor the coffee crop. With these crop improvements, she hopes to get a little profit. This way she will improve her family’s living conditions. She will also invest a little more in the crop area and also fulfill some goals.

This is the first loan she has received from FUDECOSUR. She has not had any other loans from state banks. FUDECOSUR has provided a loan with easier terms and a much lower interest rate.
View original language description ↓
Yerelin Carolina, tiene la edad de 22 años, está soltera, vive con sus padres y hermanos que son su mayor prioridad. Con su crédito pretende hacer la compra de fertilizantes, fungicidas y pagar mano de obra en trabajos de asistencia para el café, además de comprar algunas plantas de almácigo para hacer resiembras, esto con el objetivo de aumentar la densidad de plantas por área, además de aprovechar la buena fertilidad del suelo y las condiciones de clima y otras que favorecen al cultivo de café. Con estas mejoras al cultivo espera obtener un poco de ganancias y así mejorar las condiciones de vida de su familia y también invertir un poco más en el área de cultivo y también cumplir algunas metas. 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

  • $12,900
    Average annual income
  • 20
    View loans »
    Costa Rica Loans Fundraising
  • $4,363,200
    Funds lent in using Kiva
  • 540.7
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $925 helped Yerelin Carolina to care for the coffee crop.
0% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 8, 2014
Listed
Aug 11, 2014
Currency Exchange Loss:
Possible