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Jose
José is 41 years old, is married, and lives with his wife. He wants this loan for purchasing fertilizer and to tend to a coffee plantation that they want to start. He wants to give adequate upkeep to the crop so that he can have greater yield and thus have a higher income.

In the future, he hopes to provide his family with a better quality of life and greater economic stability, and to be able to continue growing as a person.

This is the first loan he has received from FUDECOSUR. He has not had previous loans with the state banks, but FUDECOSUR has provided him the loan with better terms and much lower interest rates.
View original language description ↓
José tiene la edad de 41 años, está casado y vive con la esposa. El crédito lo quiere para la compra de abono y dar asistencia a una plantación de cafe que quieren iniciar. El desea darle el adecuado mantenimiento al cultivo para que este le permita tener una mayor producción y así tener mayores ingresos económicos. El espera en un futuro brindarle a su familia una mejor calidad de vida y una mayor estabilidad económica, y de poder seguir creciendo como persona. Es el primer préstamo que recibido de FUDECOSUR. El 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

  • $12,900
    Average annual income
  • 23
    View loans »
    Costa Rica Loans Fundraising
  • $4,370,725
    Funds lent in using Kiva
  • 500.1
    Costa Rica Colones (CRC) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,000 helped Jose to buy inputs.
99% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 7, 2013
Listed
May 9, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2015