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José Antonio
José Antonio is 26 years old, is single and lives with his parents and brothers who are his highest priority. With his loan he aspires to purchase fertilizers and fungicide and to pay for assistance with the coffee. Besides being able to buy some plants in seedling containers to replant them and thus increase the density of plants per area, he will also take advantage of the good fertility of the soil, climate conditions and other things that favor the cultivation of coffee. With these improvements to the cultivation he hopes to obtain a little profit and thus improve the living conditions of his family, invest a little more in the cultivation area and also to be able to fulfill some goals. It is the first loan that he has received from Fudecosur. He had not had other loans from state banks before but Fudecosur has offered him the loan with greater ease and a much lower interest rate.
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José Antonio, tiene la edad de 26 años, está soltero, vive con sus padres y hermanos que son su mayor prioridad. Con su crédito pretende hacer la compra de fertilizantes, fungicidas y pagar mano de otra en trabajos de asistencia para el café. Además de poder comprar unas plantas de almácigo para realizar resiembras y así aumentar la densidad de plantas por área, además de aprovechar la buena fertilidad del suelo y las condiciones de clima y otras que favorecen al cultivo de café. Con estas mejoras al cultivo espera obtener un poco de ganancias y así mejorar las condiciones de vida de su familia y también invertir un poco más en el área de cultivo y también cumplir algunas metas. Es el primer préstamo que recibido de FUDECOSUR. Él 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
  • $4,023,725
    Funds lent in using Kiva
  • 498.5
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped José Antonio to purchase fertilizers and fungicide and pay for assistance with his coffee.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 11, 2012
Listed
Sep 18, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013