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Jimmy Alonso
Jimmy is 23 years old, single, and lives with his parents and siblings. They are his top priority. He will use the money from this loan to prepare his land and buy fertilizers, bean seeds, and other things for his crops so that they will have good germination, good quality seeds, and pay for labor with which to apply the products and help with the crops once they are developed. This way he will ensure good work. He wants to take advantage of the good climate and soil in the zone. He also wants to use the experience he has from having managed basic grains over various years. Besides being able to buy the best quality products, he wants his plantation to have good development and health so that he will have a good short term harvest. He will use the proceeds from his harvest toward his family's wellbeing and also to meet some family goals and continue to invest in his crops. This will be his first loan through FUDECOSUR. He has not had any previous loans, but FUDECOSUR has provided him a loan with ease and at much lower interest rates.
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Jimmy, tiene la edad de 23 años, está soltero, vive con sus padres y hermanos los cuales su mayor prioridad. Con su crédito pretende hacer una adecuada preparación del terreno, la compra de fertilizantes, semilla de frijol y otros productos para aplicarle a la siembra y así que tenga una buena geminación, y semilla de buena calidad, además pagar mano de obra para la aplicación de los productos y asistencia de la plantación una vez que tenga desarrollo, y de esta manera asegurarse de realizar un buen trabajo. Lo que pretende es aprovechar las buenas condiciones de clima y suelo que cuenta la zona para este cultivo, y también poner en práctica la experiencia de varios años en el manejo de granos básicos. Además de poder comprar los mejores productos y de mejor calidad para que su plantación tenga un buen desarrollo y sanidad al igual que una cosecha adecuada, y tener a corto plazo una producción importante. Con el ingreso de la cosecha que espera obtener quiere utilizarla en el bienestar de su familia y cumplir con algunas metas familiares y seguir invirtiendo más en los cultivos. 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
  • 14
    View loans »
    Costa Rica Loans Fundraising
  • $4,063,900
    Funds lent in using Kiva
  • 502.4
    Costa Rica Colones (CRC) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $400 helped Jimmy Alonso to buy farming supples.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 13, 2013
Listed
May 26, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014