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Rafael Hermes
Rafael Hermes is 50 years old and married. He lives with his wife and three children who are either studying or helping with the work in the fields. Rafael intends to use this loan to buy supplies for fumigation and compost so that he can maintain his coffee seedbed. The loan will also help with the eventual replanting and the cost of labor. He plans to replant his entire seedbed so that he can produce slightly more and generate better earnings. This will help him obtain a better quality of life and financial stability so that he can pay for his children’s education.

This is the first loan he has received from FUDECOSUR. Rafael has not received any other prior loans from the state banks. FUDECOSUR is providing this loan with better terms and a lower interest rate.

View original language description ↓
Rafael Hermes, tiene la edad de 50 años, está casado, vive con su esposa y tres hijos, de los cuales unos estudian y otros le ayudan en las labores del campo. El con el crédito pretende comprar insumos como fumigaciones, abonos, para la asistencia del almacigo de café para su posterior siembra y ayudarse con la mano de obra. El tiene pensado sembrar todo este almacigo para poder producir un poco mas y poder generar más ganancias y obtener una mejor calidad de vida y una estabilidad económica y poder pagar el estudio de los hijos. 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.


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

About Costa Rica

  • $12,900
    Average annual income
  • 11
    View loans »
    Costa Rica Loans Fundraising
  • $4,719,900
    Funds lent in using Kiva
  • 498.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Rafael Hermes to buy fumigation supplies and compost for his coffee seedbed.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Jun 8, 2012
Jul 14, 2012
Currency Exchange Loss:
May 17, 2014