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José Ricardo
José Ricardo, 20, is single and lives with his parents who are his top priority. He wants to buy four young cows so he can raise and sell them and use the profit to buy even more cows until he has a considerable herd allowing him a better quality of life. José Ricardo has never had any other state bank loans, but FUDECOSUR is giving him better payment terms and a much lower interest rate. He wants to help his parents improve their econonimc situation so they can lead a better lifestyle.
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José Ricardo tiene la edad de 20 años, es soltero, y vive con sus padres que son su mayor prioridad. Él quiere comprar 4 novillos para engordarlos y al venderlos adquirir una ganancia y poder comprar otros e ir aumentando su ato de ganado y poder tener una mejor calidad de vida. José Ricardo no ha realizado otros préstamos en bancos estatales, pero FUDECOSUR le brindó el préstamo con mayores facilidades y la tasa de interés es mucho más baja. Él también tiene el deseo de brindarle a sus padres mayor oportunidad de mejorar en lo económico, lo suficientemente necesaria para tener mejor forma de vida.

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
  • 48
    View loans »
    Costa Rica Loans Fundraising
  • $4,673,875
    Funds lent in using Kiva
  • 503.2
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped José Ricardo to buy cattle.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Jul 9, 2011
Aug 16, 2011
Currency Exchange Loss:
Dec 22, 2014