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Jose Luis
José Luis, 46, is married living with his daughter and his wife who are his greatest priority. He intends to use the loan to buy farm supplies like manure for his coffee crops and also to pay labor costs. He has a field already planted with coffee and needs good assistance for it this year which is why he opted for the loan. He wants to improve his coffee plantation because last year it was greatly deteriorated. He hopes that with it he’ll be able to improve its conditions and get better results from it so that next year his harvest will be better and he will be able to make his loan payments and improve his economic stability and his family’s wellbeing. This is his first FUDECOSUR loan. He’s had no previous loans with state banks and FUDECOSUR gave him the best terms and a much lower interest rate.
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José Luis, tiene la edad de 46 años, está en casado y vive con su hija y su esposa que son su mayor prioridad. El con el crédito pretende compra los insumos para asistir su cafetal como los abonos y pago de mano de obra. El cuenta con un terreno ya establecida con la plantación de café y necesita una muy buena asistencia este año por lo cual opto por el crédito. El quiere darle a su cafetal una buena mejora pues esta cosecha pasado se deterioro mucho su plantación. El espera con este que le hará a su proyecto mejorarlo en condiciones y obtener de el los mejores resultados para así generar una mejor cosecha este próximo año y salir con los pagos del crédito y mejora su estabilidad económica y el bienestar de su familia. 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
  • 7
    View loans »
    Costa Rica Loans Fundraising
  • $3,978,825
    Funds lent in using Kiva
  • 497.9
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Jose Luis to buy farm supplies.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 4, 2011
Listed
Dec 5, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014