Freddy Cisneros Vargas


Status: Paying Back

$1,075.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Freddy Cisneros Vargas
Location: San Agustin, San Isidro, Costa Rica
Activity: Construction

About the Loan

Loan Amount: $1,075.00
Loan Use: to purchase materials for a new house
Repayment Term: 38 months - View details below
Lenders Repaid: Irregularly
Currency Exchange Loss: Covered
Date Listed: Oct 27, 2009
Date Disbursed: Nov 9, 2009
Date Funded:Oct 28, 2009

About the Country

Country:Costa Rica
Avg Annual Income:$11,100.00
Currency:Costa Rica Colones (CRC)
Exchange Rate:570.0000 CRC = 1 USD



Freddy Cisneros Vargas is 44 years old, married with 3 children who are his first priority. They are 22, 20, and 15, respectively and all still live at home. He has a small scale farm where he grows coffee.



The weather has been quite dry in Costa Rica this year though he is confident his crop will not suffer. He recently bought an empty lot in San Salvador, a village near San Agustin, and he would like to build a house there. His house now is not satisfactory for his 3 children and his wife, and this loan provides him the opportunity to better his family's situation. He has had one loan with FUDECOSUR in the past which he used for his coffee fields. He also had a loan with Banco Complianza but prefers FUDECOSUR's loans as they have a more manageable interest rate.



Freddy dreams that his children will all be able to afford their own houses some day. FUDECOSUR is in their first month of partnership with Kiva and really appreciates your support of Freddy Cisneros Vargas.


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Journal entries for Freddy Cisneros Vargas


Loan has been disbursed
 
Entrepreneur: Freddy Cisneros Vargas
Location: San Agustin, San Isidro, Costa Rica

Thank you for your loan. It has been disbursed to Freddy Cisneros Vargas by FUDECOSUR in Costa Rica. We are excited to watch this business grow. Over the 36 months of this loan, FUDECOSUR will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from San Agustin, San Isidro, Costa Rica
Nov 9, 2009
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Kiva Help Repayment Schedule for Freddy Cisneros Vargas

  Expected Repayments Actual Repayments Comments
January 2011 $358.33 Available Jan 1  
January 2012 $358.34 Available Jan 1  
January 2013 $358.33 Available Jan 1