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Jose Manuel
José Manuel is 41, married, and lives with his wife and three children, who are his greatest priority. With the loan he intends to buy supplies for maintaining his coffee plantation, such as fertilizer, pesticides and other products.

He has a piece of land already planted in coffee, and needs to maintain it for the next harvest, and this way earn the maximum profit from it. His goal is to increase his earnings, and each day provide his family with better well-being and quality of life.

This is the first loan he has received from Fudecosur. He had not had other loans from regular banks previously, but Fudecosur has offered him the loan on easier terms and at a much lower interest rate.
View original language description ↓
José Manuel, tiene la edad de 41 años, está casado, vive con sus 3 hijos y su esposa que son su mayor prioridad. El con el crédito pretende comprar los insumos para la asistencia de su cafetal como son el abono y plaguicidas entre otros. El tiene una propiedad ya sembrada de café y necesita asistirla para esta próxima cosecha y así obtener de ella el máximo de ganancias. El tiene como meta aumentar sus ganancias y darle a su familia cada día una mejor calidad de vida y bienestar familiar. 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
  • 0
    View loans »
    Costa Rica Loans Fundraising
  • $4,022,575
    Funds lent in using Kiva
  • 499.9
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $2,025 helped Jose Manuel to maintain his coffee plantation.
60% repaid
Repayment Term
50 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 12, 2012
Listed
May 20, 2012
Currency Exchange Loss:
Possible