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Juan Jose
Juan José is 40 years old, married, and lives with his wife and three children. He will use his loan to buy the supplies he needs to care for his coffee crops. He will use his loan to buy fertilizers and the supplies he needs to better look after his coffee plantation. His plantation is currently in production and in regular condition. He would like to improve it and thereby have it in optimum condition for his next harvest. He would like to extract the best results and the best profits from his coffee plantation so that he can provide his family with a better quality of life. This is Juan José's first loan from FUDECOSUR. He hasn't obtained previous loans from state banks but FUDECOSUR have provided him with this loan with better terms and a much lower interest rate.
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Juan José, tiene la edad de 40 años, está casado y vive con su esposo y 3 hijos actualmente. El con el crédito va comprar los insumos para la asistencia de café. El con el crédito comprara los fertilizantes y insumos necesarios para asistir de la mejor forma su cafetal. El cuenta con la plantación en producción y condiciones regulares por lo cual quiere mejorarla y así tenerla en condiciones optimas para la próxima cosecha. El quiere obtener de su cafetal los mejores resultados y las mayores ganancias para así darle una mejor calidad de vida a su familia. Es el primer préstamo que ha 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
  • 0
    View loans »
    Costa Rica Loans Fundraising
  • $4,022,575
    Funds lent in using Kiva
  • 510.6
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Juan Jose to care for his coffee plantation.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 2, 2011
Listed
Sep 30, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014