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José Alejandro
José Alejandro is 36 years old. He is married and lives with his wife and son, who are his main priority. With his loan, he intends on buying coffee seedlings for planting, fertilizer, fungicide, and to pay for the cost of labor for help with the coffee. He wants to do this work when the rains start in order to increase the plant density by area and take advantage of the good soil fertility and weather conditions that favor coffee growing. With these crop improvements, he hopes to obtain a little profit and thus improve the quality of life of his family and also invest a little in the crop and meet some goals. This is the first loan he has received from FUDECOSUR. He hasn't had any loans before from state banks, but FUDECOSUR has offered him the loan with more ease of payment and a much lower rate of interest.
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José Alejandro, tiene la edad de 26 años, está casado, vive con su hijo y esposa que son su mayor prioridad. Con su crédito pretende hacer la compra de almácigo de café par siembra, fertilizantes, fungicidas y pagar mano de obra en trabajos de asistencia para el café, y realizar estos trabajos 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 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
  • 25
    View loans »
    Costa Rica Loans Fundraising
  • $4,165,075
    Funds lent in using Kiva
  • 501.8
    Costa Rica Colones (CRC) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $600 helped José Alejandro to plant coffee.
33% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 28, 2013
Listed
Jun 21, 2013
Currency Exchange Loss:
Possible