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Victor is a 47-year-old pepper producer who lives in the region of Upala in the Northern region of Costa Rica, minutes from the Nicaraguan border. Victor is a dedicated father and producer. He plans to focus his efforts on the planting and harvesting of Cayenne peppers in an effort to improve living conditions. He works in cooperation with his family to strike a balance between accomplishing the daily tasks associated with agricultural production and the completion of domestic responsibilities. In addition to his agricultural activity, Victor feels it is important to be an active member of his community. As a result, he dedicates a significant portion of his time to community meetings, groups and events. The rural zone where Victor and his family live is sparsely populated with infrequent bus service and a general lack of infrastructure. Victor is working hard towards the sustenance of his family, striving to reap the maximum benefits from his land and his labor.

Although this is an individual loan, the community in which Victor and his family live is very close-knit and interdependent. Neighbors help and support one another by sharing experiences and expertise acquired over the years. All individual members of the Upala community are dedicated to the improvement of living conditions for the region as a whole.

This loan will be used to finance the production of Cayenne and Habanero peppers. Specifically, the loan will be used to finance the purchase of a variety of necessary agricultural nutrients, fertilizers and chemicals in order to ensure a healthy harvest. All laborial and logistical tasks associated with production will be carried out by Victor, with the help of his family members in the region of Upala. The production cycle (from planting to harvest) for these types of peppers is roughly one year. Victor planted his peppers 4 months ago and will expect to harvest in the next 8 months. Typically, he dedicates the hours from 6:00 AM to 4:00 PM everyday to his agricultural activities.

Piper and Capiscum Processors Compañía Agrícola Industrial (PROPICA) is an international buyer and seller of chili pepper and ground pepper products. In cooperation with Fundación Mujer, PROPICA has guaranteed to purchase the agricultural products (the peppers) that are to be produced with the help of this loan. PROPICA acts as a guaranteed client for small agricultural producers in the area of Upala, thus ensuring that their products will reach market.

The main obstacle Victor and other producers in the Upala community face is a lack of access to working capital funds. The collaboration of Fundación Mujer and PROPICA, represents a unique opportunity to Victor, his family and community. By offering a source of start-up capital and a guaranteed client to purchase what is produced, this is a chance to improve family and community standards of living. Above all, Victor wants to take advantage of the current opportunity that has been presented. He wants to profit from this collaboration and see improvements in his home and neighborhood.

Additional Information

More information about this loan

In Costa Rica, funding for microfinance institutions is hard to come by, and many institutions find themselves having difficulty growing and reaching all the demand for loans that exist. Kiva works with Fundacion Mujer because it attends a very marginalized population in Costa Rica, with a specific focus on women. In addition to the loan, Fundacion Mujer provides specialized training programs for their borrowers on everything from computer classes to salon training. Because of the difficulty in obtaining capital in Costa Rica, Fundacion Mujer cannot serve all the women that need loans. Therefore Kiva plays a unique role in helping Fundacion Mujer grow its portfolio and reach borrowers it otherwise would not be able to.

About Fundacion Mujer:

Fundación Mujer is an organization specializing in the financial and personal development of female entrepreneurs in Costa Rica. They seek to reach underserved populations that may include indigenous communities, immigrants, refugees, victims of domestic violence or women living with HIV/AIDS. Fundación Mujer offers courses in both business and personal development, as well as training in concrete skills such as sewing and other crafts.

About Costa Rica

  • $12,900
    Average annual income
  • 1
    View loans »
    Costa Rica Loans Fundraising
  • $4,804,475
    Funds lent in using Kiva
  • 508.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Victor to purchase of agricultural ingredients and chemicals.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Nov 1, 2010
Oct 15, 2010
Currency Exchange Loss:
Oct 15, 2011