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Jesus
Jesús is a hardworking man. He is 79 years old and married, and he lives with his wife and son. He is applying for this loan to buy supplies, such as fumigation and weed-killers. This will help him to maintain his coffee crops in good condition.

This farmer has put in plenty of effort and sacrifice to get his project underway and provide for his family. Thanks to his dedication, he has received good feedback. His family depends on this business in order to move forward, which is why he is applying for this loan. This is his first loan with FUDECOSUR. He does not have any other loans in state-run banks, but FUDECOSUR provided him with a loan with much better terms and a lower interest rate.
View original language description ↓
Jesús, un hombre trabajador, tiene 79 años de edad, es casado y vive con la esposa y un hijo, el solicita el préstamo para comprar insumos como fumigaciones y herbicidas, el quiere dar asistencia a los cultivos de café, con la finalidad de mantenerlas en buenas condiciones. Este agricultor que con mucho esfuerzo y sacrificio a logrado encaminar su proyecto y sacar adelante su familia hasta el día de hoy, y este como tal, gracias a su dedicación ha respondido favorablemente, ya que de esta actividad económica dependen para poder salir adelante, por lo que él hace una solicitud de crédito, y es el primer préstamo que ha recibido de FUDECOSUR. El no registra 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
  • 56
    View loans »
    Costa Rica Loans Fundraising
  • $4,320,650
    Funds lent in using Kiva
  • 498.2
    Costa Rica Colones (CRC) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,025 helped Jesus to buy supplies.
91% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 3, 2013
Listed
Jan 29, 2013
Currency Exchange Loss:
Possible