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Julio Cesar
Julio Cesar is 40 years old. He is married and lives with his wife and four children. Two of his children are in high school and another helps his father with his farm work. Julio Cesar plans to use his loan to buy supplies such as fertilizers, foliar fertilizers and herbicides. He will also pay laborers to help him with his work. He plans to buy these supplies in order to keep his coffee crops in excellent conditions, obtain a better yield, make more profits, enjoy a better quality of life and financial stability, and pay for his children's education.

This is Julio Cesar's first loan from FUDECOSUR. He hasn't received previous loans from state banks but FUDECOSUR provided him with this loan with better terms and a much lower interest rate.
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Julio Cesar, tiene la edad de 40 años, está casado, vive con su esposa y cuatro hijos actualmente, de los cuales dos se encuentran estudiando en el colegio y otro le ayuda en los trabajos en el campo al padre. El con el crédito pretende comprar insumos como abonos, foliares, herbicidas, y además ayudarse con la mano de obra en la asistencia de la propiedad. El tiene pensado comprar estos insumos para mantener el café en excelente estado y poder obtener una mejor producción y generar más ganancias y obtener una mejor calidad de vida y una estabilidad económica y poder pagar el estudio de los hijos. 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
  • 43
    View loans »
    Costa Rica Loans Fundraising
  • $4,191,975
    Funds lent in using Kiva
  • 498.0
    Costa Rica Colones (CRC) = $1 USD
Expired
A loan of $1,025 helped Julio Cesar to buy supplies.
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 7, 2012
Listed
Jul 13, 2012
Currency Exchange Loss:
Possible
Expired:
Aug 12, 2012