Check out some available loans that are similar to this one!
Danilo
Danilo M. A. is married and has 3 children, who along with his wife are his highest priority. His children are 12, 11, and 6 years old respectively. In the city of Palmares, Danilo manages a soda fountain that is located next to a hardware store. His loan will be used to buy a motorcycle so that he will be able to deliver food. This will help him save on fuel costs because he currently makes deliveries by car. His soda fountain has been in existence for three months, and he has 12 years of business experience.

This is the first time Don Danilo has received funding from FUDECOSUR and has no other debts with formal banks. His wish is to establish his business and provide good home delivery service so that he can generate income to support his children’s education.

About FUDECOSUR:
The Foundation for the Development of Southern Communities is dedicated to economically empowering its clients by providing credit and capacitating programs to improve living conditions of micro-entrepreneurs and their children across Southern Costa Rica. You can obtain more information on FUDECOSUR from the website: FUDECOSUR.org
View original language description ↓
Danilo A. M. esta casado, y tiene 3 hijos, que junto con su esposa son su mayor prioridad. Ellos tienen 12, 11 y 6 años respectivamente. El tiene una soda en Palmares, contiguo a Ferretería Palmares. El crédito lo quiere para la compra de un moto para repartir comida. Este moto le ayudará economiza en combustible por que ahorita, lo hace en carro. El ha tenido la soda hace 3 meses y tiene 12 años de experiencia. Es la primera vez don Danilo se financia con FUDECOSUR y no ha tenido otros creditos con Bancos formales. El desea que tener un negocio propio y poder dar un buen servicio a domicilio para que su ingreso le pueda ayudar a que sus hijos estudien.

About FUDECOSUR:
The Foundation for the Development of Southern Communities is dedicated to economically empowering its clients by providing credit and capacitating programs to improve living conditions of micro-entrepreneurs and their children across Southern Costa Rica. You can obtain more information on FUDECOSUR from the website: FUDECOSUR.org

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

  • $11,100
    Average annual income
  • 38
    View loans »
    Costa Rica Loans Fundraising
  • $4,168,700
    Funds lent in using Kiva
  • 560.4
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Danilo purchase a motorcycle for making deliveries.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 15, 2009
Listed
Dec 19, 2009
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2011