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José Manuel
José Manuel is 30 years old and is in a common-law marriage. He lives with his wife and his children, who are his biggest priority. With his loan he hopes to purchase some fertilizers for his bean crops and other products for his crops so the germination will go well, in addition to purchasing good-quality seed and paying for labourers to apply the products to his crops and help him with the field once the crops have grown. What he is trying to do is take advantage of the good weather and ground conditions this zone has for planting this type of crop, and also put his experience of several years in managing staple grains to use. Besides being able to buy the best products of the greatest quality so that his crops will grow well and be healthy and he will have a good harvest, he wants to have a large output soon. He wants to use the income he hopes to obtain from the harvest for the well-being and education of his family, as well as to fulfil some family goals and continue investing more in his crops. This is the first loan he has received from FUDECOSUR. He has no previous loans with state banks, but FUDECOSUR has offered him the loan on better terms and with a much lower interest rate.
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José Manuel, tiene la edad de 30 años, está en unión libre, vive con su esposa y sus hijos los cuales su mayor prioridad. Con su crédito pretende hacer la compra de fertilizantes adecuados para el cultivo 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 y estudio 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
  • 5
    View loans »
    Costa Rica Loans Fundraising
  • $3,979,500
    Funds lent in using Kiva
  • 500.4
    Costa Rica Colones (CRC) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,000 helped José Manuel to plant beans.
99% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 10, 2013
Listed
Jul 3, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014