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Carlos Gerardo
Carlos Gerardo M. Garcia is 36 years old, married, and has three children, who are his greatest priority, along with his wife. His children are 13, 12, and 9 years old, respectively. He wants this credit in order to improve his welding workshop and for the purchase of work materials. He has a locale where he performs welding and painting jobs. This is the first time that Carlos has financed himself through FUDECOSUR, and he states that the credit committee has helped him a lot and has made things easy for him. With this project, he hopes to grow and improve his work capacity and therefore increase his income. Furthermore, he desires to better himself as a person, and in that way be able to provide his family a better quality of life in the future and to have better economic stability.

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 ↓
Carlos Gerardo M. G., tiene la edad de 36 años, esta casado, y tiene 3 hijos, que junto con su esposa son su mayor prioridad, sus hijos tienen 13,12 y 9 años respectivamente. El crédito lo quiere para mejorar su taller de soldadura y para la compra de materiales para trabajar, tiene un local donde realiza sus trabajos de soldadura y pintura. Es la primera vez don Carlos se financia con FUDECOSUR, el manifiesta que el comité de crédito le ha ayudado mucho y le brindaron muchas facilidades. El espera que con este proyecto crezca y pueda mejorar su capacidad en los trabajos y así aumentar sus ingresos, además desea superarse como persona, y así poder en un futuro brindarle a su familia una mejor calidad de vida y tener una mejor estabilidad económica.

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
  • 11
    View loans »
    Costa Rica Loans Fundraising
  • $3,973,175
    Funds lent in using Kiva
  • 553.2
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Carlos Gerardo improvements to his welding and painting workshop.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 19, 2010
Listed
Jan 22, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013