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Teófilo lives in a common law relationship. He’s 79-years-old and lives with his wife and children. He intends to use the loan to buy manure and seeds to improve his pasture. He’s been working raising cattle for several years now and he thinks that making these improvements to his land is a good idea. His goal is to improve it so that his animals will have better feeding conditions so he can get them ready for sale sooner. This is his first Fudecosur loan. He’s had no previous loans from state banks and Fudecosur offered the best terms and a much lower interest rate.
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Teofilo, está en unión libre, tiene la edad 79 años y vive con su esposa e hijos. El con el crédito pretende comprar abonos y semilla para mejorar sus repastos. El tiene ya desde varios años que se dedica a la ganadería y cree favorable hacerle estas mejoras a sus terrenos. El tiene como meta poder mejorarlos para que sus animales puedan estar en mejores condiciones de alimentación y así poder tenerlos listos para la venta más pronto. 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
  • $4,836,900
    Funds lent in using Kiva
  • 503.1
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,000 helped Teofilo to buy seeds.
67% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
May 18, 2013
Jun 20, 2013
Currency Exchange Loss: