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Gamaliel, 59 years old, lives with his wife and their son who are his main priority. With this loan he would like to purchase some grass seed to improve the grass he currently has, as well as to buy some cattle. He would like to buy high quality seeds that adapt well to the climate and soil in the area where he lives, and he would like to do so as soon as possible in order to plant and take as much advantage of the winter season as possible. With the improvements in his cultivation, he expects to obtain greater income and thereby improve the living conditions for his family as well as invest a bit more in the area of livestock raising. This is the first loan that he will receive from FUDECOSUR. He has not had any previous loans with state banks, but FUDECOSUR has provided him this loan with greater ease and a much lower interest rate.
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Gamaliel, tiene la edad de 59 años, está en unión libre, vive con su hijo y esposa que son su mayor prioridad. Con su crédito pretende hacer la compra de alguna semilla de pasto para mejorar al existente, además comprar terneros. Además de poder comprar una semilla de buena calidad y que se adapte bien al clima y suelo de la zona y pretende obtener la semilla lo más pronto posible y realizar la siembra para aprovechar lo más posible del invierno. 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 ganado. 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.


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
  • 2
    View loans »
    Costa Rica Loans Fundraising
  • $4,789,625
    Funds lent in using Kiva
  • 499.5
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Gamaliel to buy grass seed and cattle.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 6, 2012
Sep 8, 2012
Currency Exchange Loss:
Dec 22, 2014