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Máximo is a 54-year-old father of four who lives in Los Chiles, located in the Northern region of Costa Rica. Máximo lives with his wife. Like many member of the Los Chiles community, Máximo is a farmer. He dedicates his time to the planting and harvesting of various subsistence crops including, rice, beans and corn. Máximo is an old-fashioned cowboy. He has 15 cows from which he extracts milk and sells in San Fe (a nearby town). Máximo is always busy. When he isn´t tending to the needs of his own land and cows, he hires himself out to other farmers in the region as a paid laborer. This work helps to complement the money earned from the sale of his own produce.

This loan will be used to finance the production of Habanero chili peppers. Specifically, Máximo will use this money to purchase seeds, fertilizer, tools, pesticides, and other materials/ingredients necessary for the production of chili peppers. All labor and transportation tasks will be carried out by Máximo and his family. Máximo dedicates part of his time as a hired hand on a nearby farm. He worries about the coming harvesting season and hopes that he will be successful this year. Máximo´s goal is to maintain stability in his family, achieve higher production rates, improve his economic situation and offer a better standard of living to his family. A major difficulty and limitation for Máximo has been his lack of working capital. He hopes to use this loan effectively to improve life on the farm for everyone.

Piper and Capiscum Processors Compañía Agrícola Industrial, or, PROPICA, is an international buyer and seller of chili pepper and ground pepper products. In cooperation with Fundación Mujer, PROPICA has guaranteed to purchase the agricultural products (the peppers) that are to be produced with the help of this loan. PROPICA acts as a guaranteed client for small agricultural producers in the area of Los Chiles, thus ensuring that their products will reach market. The collaboration of Fundación Mujer and PROPICA, represents a unique opportunity to Máximo, his family and community. By offering a source of start-up capital, and a guaranteed client to purchase what is produced, this is a chance to improve family and community standards of living. Above all, Máximo wants to take advantage of the current opportunity that has been presented. He wants to profit from this collaboration and see improvements in his neighborhood.

Additional Information

More information about this loan

In Costa Rica, funding for microfinance institutions is hard to come by, and many institutions find themselves having difficulty growing and reaching all the demand for loans that exist. Kiva works with Fundacion Mujer because it attends a very marginalized population in Costa Rica, with a specific focus on women. In addition to the loan, Fundacion Mujer provides specialized training programs for their borrowers on everything from computer classes to salon training. Because of the difficulty in obtaining capital in Costa Rica, Fundacion Mujer cannot serve all the women that need loans. Therefore Kiva plays a unique role in helping Fundacion Mujer grow its portfolio and reach borrowers it otherwise would not be able to.

About Fundacion Mujer:

Fundación Mujer is an organization specializing in the financial and personal development of female entrepreneurs in Costa Rica. They seek to reach underserved populations that may include indigenous communities, immigrants, refugees, victims of domestic violence or women living with HIV/AIDS. Fundación Mujer offers courses in both business and personal development, as well as training in concrete skills such as sewing and other crafts.

About Costa Rica

  • $12,900
    Average annual income
  • 57
    View loans »
    Costa Rica Loans Fundraising
  • $4,673,875
    Funds lent in using Kiva
  • 515.0
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Máximo to purchase seeds and nutrients for the production of chili peppers.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jul 1, 2010
Jul 23, 2010
Currency Exchange Loss:
Nov 16, 2012