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Oldemar
Oldemar U. F. is 22 years old and single. He lives with his parents and six siblings. He is requesting the loan to raise laying hens and chickens. He also wishes to construct a chicken coop and other arrangements on the farm. With this investment, he hopes to grow his business and be able to increase his income so he can improve his economic situation. This is the first time Oldemar has been financed by Kiva partner FUDECOSUR, and he tells us that the credit committee has greatly helped him and provided him many facilities when applying for the loan. He hopes that this project will strengthen his business and increase his sales, thus offering his family a better quality of life and more 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 ↓
Oldemar U. F., tiene la edad de 22 años, es soltero. Vive con sus padres y seis hermanos. El crédito lo quiere para la cría de gallinas ponedoras y pollos de engorde.También, desea construir los encierros para las gallinas y otros arreglos a la granja. Con esta inversión el espera crecer en su negocio y poder aumentar sus ingresos para mejorar su situación económica. Es la primera vez que don oldemar se financia con FUDECOSUR, el manifiesta que el comité de crédito le ha ayudado mucho y que le brindaron muchas facilidades a la hora de solicitar el crédito.
El espera que con este proyecto poder fortalecer su negocio aumentando la producción y aumentando las ventas, para así ofrecer a su familia una mejor calidad de vida y 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

  • $12,900
    Average annual income
  • 37
    View loans »
    Costa Rica Loans Fundraising
  • $4,438,125
    Funds lent in using Kiva
  • 548.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Oldemar purchase laying hens and chickens.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 21, 2010
Listed
Jan 27, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012