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Jose
José R. A. is 28 years old and in a common-law marriage. His wife and son are his top priorities. José intends to buy the necessary supplies for cultivating his crop as well as pay for labor. He has experience in managing his crops, so this is the reason why he wants to invest. With the earnings he will generate, José wants to improve his living standards and continue investing so that he can increase production in the years to come.


This is the first loan he has received from FUDECOSUR. José has not had any previous loans with the state banks. FUDECOSUR is providing this loan with better terms and a lower interest rate.

View original language description ↓
José R. A., tiene la edad de 28 años, está en unión libre y vive con su 1 hijo y su señora que son sus mayores prioridades. El pretende comprar los insumos necesarios para su cultivo y pagar la mano de obra de la siembra del cultivo. El cuenta con la experiencia y manejo de este cultivo por lo cual invertirá en el. El quiere generar ganancias para mejorar su nivel de vida y seguir invirtiendo para seguir aumentando la producción los próximos años 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.

About FUDECOSUR:

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 fudecosur.org.

About Costa Rica

  • $11,100
    Average annual income
  • 49
    View loans »
    Costa Rica Loans Fundraising
  • $4,298,650
    Funds lent in using Kiva
  • 496.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Jose to purchase supplies for planting beans and to pay for labor.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 11, 2011
Listed
May 6, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014