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Juan
Juan B. E. G. is 42 years old, divorced, and has 2 children who are his highest priority. His children are ages 19 and 12 and live with their mother in New Jersey, but he still supports them. Juan started a new business and needs items to sell. He is thinking about buying household products in San Jose and selling them in his hometown of Fila Naranja.


This is his first loan with FUDECOSUR and he believes his business can grow with the help of this loan. He had taken a loan with Banco Costa Rica in the past but he prefers the loans with FUDECOSUR because less paperwork is involved. He wants to provide his children with a better and more stable future, and he also hopes that they will be able to return to Costa Rica. Juan hopes that his new business will be a success.

View original language description ↓
Juan B. E. G. tiene 42 años, divorciado y tiene 2 hijos que son su mayor prioridad. Los hijos tiene 19 y 12 años y viven con su madre en New Jersey pero el todavía apoyales. El esta empezando un comercio nuevo y necesita cosas para vender. El esta pensando a comprar productos de uso domestico en San Jose y despues, vendelos en Fila Naranja. Es el primer prestamo con FUDECOSUR y piense que pueda crecer su negocio con este prestamo. El ha tendido crédito con Banco Costa Rica en el pasado pero prefiere los prestamos de FUDECOSUR porque son menos tramites. él desea brindar a hijos un futuro mejor y estable y tambien que sus hijos regresarían a Costa Rica. Ojala que tenga exito con este negocio nuevo.

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

  • $12,900
    Average annual income
  • 24
    View loans »
    Costa Rica Loans Fundraising
  • $4,356,875
    Funds lent in using Kiva
  • 567.6
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Juan purchase merchandise for his new store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 19, 2009
Listed
Oct 22, 2009
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2010