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Juán Pablo
Juán Pablo is 30 years old, single, and lives with his parents and brothers who are his number one priority. He will use the money from this loan to buy fertilizers, fungicides, and pay for labor to trim and set up the shade for the coffee. He will also buy some seedlings in order to replant and increase the density of his plants so that he can take advantage of the fertile soil, the weather, and other things that favor raising coffee. He expects to have better earnings with these improvements and in this way improve his family’s living conditions and achieve some goals.
This will be his first loan through FUDECOSUR. He has not had previous loans from state banks, but FUDECOSUR has granted a loan easily and at a much lower interest rate.
View original language description ↓
Juán Pablo, tiene la edad de 30 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 como lo son poda, arreglo de sombra luego una buena deshija 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
  • 29
    View loans »
    Costa Rica Loans Fundraising
  • $4,168,700
    Funds lent in using Kiva
  • 498.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Juán Pablo to buy coffee seedlings and supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 17, 2012
Listed
Dec 14, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 19, 2013