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José Daniel
José Daniel, 48, is married. He lives with his children and his wife, who are his biggest priority.

With his loan he plans to buy wire to repair fences and grass seed to have a lot of grass in his pastures and a better yield. He also will buy some calves to fatten. He plans to take advantage of low prices on some good-quality calves.

With these improvements to his pasture and the purchase of new calves, he hopes to get more income, improve his family's living conditions, and have greater personal improvement. He also hopes to invest more in his job and be more competitive to make the most of the advantages of the good conditions of his property for livestock.

This is the first loan he has received from FUDECOSUR. He had not had previous loans in state banks, but FUDECOSUR offered him a loan with better terms and a much lower interest rate.
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José Daniel, tiene la edad de 48 años, está casado, vive con sus hijos y esposa los cuales son su mayor prioridad. Con su crédito pretende hacer la compra de alambre para la reparación de cercas y la compra de semilla de pasto para tener potreros bien poblados de pasto y con un mejor rendimiento por área, además de comprar algunos terneros para el engorde. Lo que pretende es aprovechar los precios bajos en algunos terneros y que son de buena calidad. Con las mejoras realizadas en los potreros y la compra de nuevos terneros espera obtener más ingresos y así mejorar las condiciones de vida de su familia y tener una mayor superación personal y además de invertir más en la actividad y ser más competitivo y poder aprovechar las ventajas de las buenas condiciones de la propiedad para el desarrollo del ganado. Es el primer préstamo que recibido de FUDECOSUR. 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
  • 9
    View loans »
    Costa Rica Loans Fundraising
  • $4,059,650
    Funds lent in using Kiva
  • 500.5
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped José Daniel to improve his farm and to buy calves.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 11, 2012
Listed
Jan 6, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 29, 2014