Introduction and Main Concepts
Pura Fruta eco-village is designated mainly for living by Pura Fruta Community members (below The Community).
Pura Fruta eco-village is spread on 14.5 hectares of former pasture land, “North Valley Finca” (below - NVF) and surrounded by the jungle, creek, cacao plantation, and river Carbon.
NVF is already purchased and private loan is being repaid and scheduled to be repaid fully by the beginning of 2021.
Below explained financial model of Pura Fruta community as we envision it today. Pura Fruta reserves the right to make changes to the present financial model provided that consensus of all members is achieved.
Amount of shares for distribution
Each share provides the right to lease a private lot on the living area of VF and build a house and/or grow trees and garden on it.
Common areas of VF are not for lease. Common area may be sold to third party.
In our effort to find a balance between reducing cost of private lots for lease and fair standard of living, we chose minimal size of lot to be from 400 to 600 square meters. To limit differences in economic statuses, a member can buy a maximum of 2 shares or 800 to 1200 square meters.
Following this logic, a family of two adult members has to purchase at least 2 shares, and has a right to a maximum of 4 shares or 1600 to 2,400 square meters and so on.
Amount of VF shares to distribute between Pira Fruta Community members, and maximum amount of Pura Fruta members for current moment - 40
We will consider buying the opposite side of VF of similar size on the other side of the creek when the VF eco-village would be reaching its maximum capacity.
Price of shares
Price of shares is determined by expenses already paid by The Community and foreseen in the future until completion of the building stage of VF eco-village.
Price of shares also depends on the timing of purchasing. The earlier into the project, the cheaper the price is as a member takes up greater risk and does not earn any interest on shares up to completion of the building stage of VF eco-village.
As of today (Dec 2018) our budget is approximately 369,000USD since the beginning of the project and up to expected completion.
Pioneer and Settler stage prices
Pioneer stage - up to the point that the pedestrian bridge, parking lot, main road, and community platform on VF are accomplished.
Settler stage - since the end of the pioneer stage and up to selling all available lots to first hand lease holders.
Value at the current, “pioneer” stage of the project is 9,000USD.
Estimated value of share at “settler” stage of the project is 13,000USD.
Mortgages to members
Pura Fruta Community offers option of partial financing through private Pura Fruta mortgage for those who qualify to become Pura Fruta members. An amount of minimum of ___ is to be paid on the date of accepting membership.
Mortgage payment options:
Option 1 - repayment through monetary value
Option 2 - repayment through volunteer hours
And all in between option 1 and option 2.
In case of financing there will be added ____ interest in addition to share value on the day of the agreement.
Exchange ratio for volunteering is ____$ for 1 hour.
Maximum length of monetary financing is __ years.
Minimum volume of volunteer hours financing is ___hours a week.
In case of illness/injury The Community provides social security for an affected member and a right to apply for reduced or forgiven mortgage.
We prefer private financing over organizations. Interest varies according to the timing of the loan: the earlier into the project we offer higher interest as the risk is higher. 2015-2020 interest is ___.
Each loan repayment schedule is discussed individually.
You do not have to be a member to offer a loan.
Valley Finca Eco-Village
Roughly two thirds of the VF are used(*) as communal land for the following purposes:
- Parking lot next to Carbon river
- Hanging pedestrian bridge over carbon river
- Inner roads
- Shared natural area boarding the river on one side and the creek on the other side
- Shared Community Gathering Platform and Surrounding area
- Children Creative indoor and outdoor space and Playground
- Healing Retreat structures
- Smaller Growing area on VF land - Fruit orchard, pineapple plantation, etc...
One third of VF land is designated for living area - private lots and houses.
Pura Fruta community (below - “The Community) limits maximum size of houses to ____.
Termination of membership and selling community shares
If a member is interested to leave The Community, the shares can be sold to an existing member or a potential member approved by The Community.
Price of the shares would be determined by current value of a share and value of the house (if relevant).
Initial deposit of 1300USD is non-refundable and is reduced from the value of the shares at the moment of termination of membership.
This amount is to cover community time spent on administrative tasks related to termination of membership and the wasted efforts of the members into the departing member
Lawyer fees are paid separately by the seller.