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Erick Marcelo
Erick Marcelo is 20 years old, single and lives with his parents and siblings, who are his highest priority. With this loan, he intends to purchase fertilizers, fungicides and pay for manual labor to prepare the soil. He will also be able to purchase seedbed plants which will allow him to have a higher density of plants in each area. He will also be able to take advantage of the fertile soil and the climate which are ideal for growing coffee.
With these improvements to his crop, he hopes to increase his earnings and in so doing improve the living conditions of his family, invest a little more in his growing area and meet some of his goals. This is the first loan that he has received from FUDECOSUR. Prior to this he had not had any other loans in national banks, but FUDECOSUR has given him a loan with greater ease and a much lower interest rate.
View original language description ↓
Erick Marcelo, tiene la edad de 20 años, está soltero, 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 la preparación del terreno. Además de poder comprar unas plantas de almácigo para realizar una siembra y así tener una buena 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. 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
  • 11
    View loans »
    Costa Rica Loans Fundraising
  • $4,719,900
    Funds lent in using Kiva
  • 500.7
    Costa Rica Colones (CRC) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $600 helped Erick Marcelo purchase fertilizers, fungicides and pay for manual labor.
66% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Mar 9, 2013
Apr 8, 2013
Currency Exchange Loss: