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Josué
Josué is 19 years old, single, and lives with his parents and siblings, who are his highest priority.

With his loan, he would like to purchase fertilizers and fungicides, and pay for labor for tending the coffee crop. He would also like to buy some copperwood plants to replant at the beginning of the rainy season. This is to increase the density of plants, in addition to taking advantage of the good soil fertility and climatic and other conditions that favor the coffee crop.

With these improvements to the crop, he hopes to earn a little more money and thus be able to continue studying and improving his family's living conditions. He would also like to invest a little more in the crop and also achieve some goals.

This is the first loan he has received from FUDECOSUR. He has not had previous loans with state banks, but FUDECOSUR has offered him the loan with greater ease and with much lower interest rates.
View original language description ↓
Josué, tiene la edad de 19 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 para el café, además de comprar algunas plantas de almácigo para hacer resiembras a inicio de lluvias esto con el objetivo de 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 poder seguir estudiando y 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
  • 0
    View loans »
    Costa Rica Loans Fundraising
  • $4,022,575
    Funds lent in using Kiva
  • 499.5
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $725 helped Josué to tend to the coffee crop.
33% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 16, 2013
Listed
Apr 15, 2013
Currency Exchange Loss:
Possible