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Johel Andres
Johel Andrés is a single 19-year-old man who lives with his parents and his siblings, who are his top priority.

He intends to use this loan to purchase coffee seedlings that are appropriate for his area. He will ensure that they are healthy and of a good size so that they will develop optimally. He will plant at the start of the rainy season. His goals are to increase the density of plants in his fields, and also to take advantage of the fertile soil and climatic conditions that are favorable for the cultivation of coffee.

With these improvements, he hopes to be able to make a little profit and thus be able to improve his family's quality of life. He will also invest a little more in his fields and be able to complete some other goals as well. This is his first loan through FUDECOSUR. He has not taken any loans from state banks, but FUDECOSUR has brought him this loan opportunity with greater ease and at much lower rates of interest.
View original language description ↓
Johel Andrés, tiene la edad de 19 años, está en soltero, vive con sus padres y hermanos que son su mayor prioridad. Con su crédito pretende hacer la compra almácigo de café de una variedad adecuada para la zona además de asegurarse que tenga un buen tamaña y sanidad para que su desarrollo sea el más adecuada y hacer la siembra 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
  • 8
    View loans »
    Costa Rica Loans Fundraising
  • $3,979,500
    Funds lent in using Kiva
  • 504.0
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,000 helped Johel Andres to grow coffee crops.
33% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 24, 2013
Listed
Aug 13, 2013
Currency Exchange Loss:
Possible