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José
José is 31 years old and lives with his much-loved partner. With the loan he plans to buy fertilizer and other products for his bean crop so that it will grow well. He wants to purchase good quality beans as well as hire laborers to assist with the application of the products and the maintenance of the plants once they have grown. In this way he will be assured a good harvest.

José is trying to benefit from the good climatic conditions and soil of the area, as well as his many years' experience growing basic grains. He also wishes to buy the best products and of the best quality so that his fields will be productive and healthy and the harvest good.

With the money he earns from the harvest he wants to use it for the well being of his family, achieve some family goals, and continue investing in his farm. This is José's first loan with FUDECOSUR. He has not had any loans previously with state banks, but FUDECOSUR offered him a loan with good terms and low interest rates.
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José, tiene la edad de 31 años, está en unión libre, vive con su esposa la cual es su mayor prioridad. Con su crédito pretende hacer la compra de fertilizantes y otros productos para aplicarle a la siembra de frijol y así que tenga un buen desarrollo, ya que la semilla de frijol 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.

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About Costa Rica

  • $11,100
    Average annual income
  • 12
    View loans »
    Costa Rica Loans Fundraising
  • $4,059,650
    Funds lent in using Kiva
  • 540.5
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $950 helped José grow beans.
0% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 9, 2014
Listed
Jul 13, 2014
Currency Exchange Loss:
Possible