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Juán
Juán, 57, is married but he lives alone. He plans to use the loan to buy fertilizers, fungicides and organic products to help improve soil conditions for his coffee crop. He also wants to buy plants for transplanting when the rains begin so he can increase his plantation. This will enhance the use of the fertile soil and climate conditions favorable to the coffee crop.

With these crop improvements, Juán hopes to increase his earnings and improve his family's living conditions. He also wants to invest more in the crop area and meet some of his goals. This is his first loan through FUDECOSUR. He has never had a state bank loan, but FUDECOSUR is giving him better loan terms and a much lower interest rate.
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Juán, tiene la edad de 57 años, está casado pero vive solo. Con su crédito pretende hacer la compra de fertilizantes, fungicidas y algunos productos orgánicos que le ayuden a mejorar las condiciones del suelo y realizar trabajos de asistencia para el café. Además de poder comprar unas plantas de almácigo para realizar resiembras a inicios de lluvia y así aumentar la densidad de plantas por área y de esta manera utilizar mejor el terreno, 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
  • 38
    View loans »
    Costa Rica Loans Fundraising
  • $4,168,700
    Funds lent in using Kiva
  • 499.5
    Costa Rica Colones (CRC) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,025 helped Juán to buy supplies for his coffee crop.
66% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 22, 2013
Listed
Feb 21, 2013
Currency Exchange Loss:
Possible