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Pedro Miguel
Pedro Miguel, 20, is single and lives with his parents and brothers and sisters who for him, are the most important thing in his life.

With this loan he plans to buy fertilizers and other products which he can use on his crops and therefore have a good harvest. He wants frijol bean seeds of good quality which will adapt to the soil that he uses and the local climate. He also needs to pay labor costs for treating his plantations, which will ensure that he can do his job effectively.

He wants to take advantage of the good climate and the soil he has in this area and also put into practice what he has learnt over the past few years growing basic grains. Apart from buying the best products for his plantations, he wants to see his crops develop and be healthy.

With the income he generates he would like to use it on his family and on its education. He would also like to fulfil a few other family goals and continue to invest in his crops.

This is the first loan he has received from FUDECOSUR. He hasn't had any other loans from state banks, but FUDECOSUR has given him the opportunity by making the conditions much easier and the interest rates lower.
View original language description ↓
Pedro Miguel, tiene la edad de 20 años, está soltero, vive con su padres y hermanos los cuales su mayor prioridad. Con su crédito pretende hacer la compra de fertilizantes y otros productos para aplicarle a la siembra y así que tenga una buena geminación, y semilla de frijol de buena calidad y que se adapte bien a las condiciones del suelo y el clima de la zona, además pagar mano de obra para la aplicación de los productos y asistencia de la plantación, y de esta manera asegurarse de realizar un buen trabajo. Lo que pretende es aprovechar las buenas condiciones de clima y suelo que cuenta la zona para este cultivo, y también poner en práctica la experiencia de varios años en el manejo de granos básicos. Además de poder comprar los mejores productos y de mejor calidad para que su plantación tenga un buen desarrollo y sanidad al igual que una cosecha adecuada. Con el ingreso de la cosecha que espera obtener quiere utilizarla en el bienestar y estudio de su familia y cumplir con algunas metas familiares y seguir invirtiendo más en los cultivos. 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
  • 3
    View loans »
    Costa Rica Loans Fundraising
  • $4,816,325
    Funds lent in using Kiva
  • 552.5
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $925 helped Pedro Miguel to sow frijoles.
33% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
May 12, 2014
Jun 11, 2014
Currency Exchange Loss: