Check out some available loans that are similar to this one!
José Francisco
José Francisco is 27 years old and married. He lives with his son and his wife, and they are his greatest priority. He intends to use the loan to buy fertilizers and other products that he needs for his crops to develop well. He will also pay for labor to help with the crops. The workers will weed the fields manually in order to avoid using chemicals. They will also do some agricultural work like establish levels to avoid soil erosion caused primarily by the rain. This way he assures himself of doing good work.

He intends to take advantage of the good weather and soil conditions for this crop. He will also put into practice his many years of experience in the management of basic grains. He will also be able to buy the best products and the best quality products. He will do this so that his fields develop well, are healthy, and have an adequate short term production.

He will use the income from the harvest that he hopes to get for the well-being and education of his family. He will also meet some family goals and continue investing more in the crops.

This is the first loan he has received from FUDECOSUR. He has not had any other previous loans with state banks. FUDESCOSUR gave him the loan with better terms and a much lower interest rate.
View original language description ↓
José Francisco, tiene la edad de 27 años, está casado, vive con su hijo y esposa, los cual son su mayor prioridad. Con su crédito pretende hacer la compra fertilizantes y otros productos que requiere para que el cultivo tenga un buen desarrollo. Además pagar mano de obra de asistencia del cultivo como lo son la eliminación de maleza en forma manual para no utilizar químicos y algunos trabajos culturales como hacer niveles para evitar la erosión de los suelos por la lluvia principalmente, y de esta manera asegurarse de realizar un buen trabajo. Lo que pretende es aprovechar las buenas condiciones de clima y suelo que cuenta para este cultivo, y también poner en práctica la experiencia de varios años en el manejo de granos básicos. Además de poder comprar los mejores productos y de mejor calidad para que su plantación tenga un buen desarrollo y sanidad, y tener a corto plazo una producción adecuada. Con el ingreso de la cosecha que espera obtener emplearlo en el bienestar y estudio de su familia y cumplir con algunas metas familiares y seguir invirtiendo más en los cultivos. 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
  • 57
    View loans »
    Costa Rica Loans Fundraising
  • $4,320,650
    Funds lent in using Kiva
  • 498.6
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped José Francisco to buy fertilizers and other products and to pay for labor.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 8, 2012
Listed
Oct 29, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014