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Rafael
Rafael R. M., is 61 years old, he is married and has a son who is his top priority. His son is 22 years old. With this loan he wants to buy two cows, the idea is to have cattle for the dual purpose of milk and meat. He hopes to adequately care for them in order to earn the highest possible income when he sells them. This is his first loan with FUDECOSUR and he is very happy with the services that they offer. Don Rafael has worked with cattle for many years. He hopes that he will be able to provide for his family a better quality of life and a more stable economic situation and to be able to continue growing as a person and a producer.

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 ↓
Rafael R. M., tiene la edad de 61 años, está casado, y tiene un hijo que es su mayor prioridad. El tiene 22 años. El crédito lo quiere para la compra de dos vacas, la idea es tener ganado para doble propósito (leche y carne). Desea darle el adecuado mantenimiento al ganado para obtener el mayor ingreso posible cuando se vendan. Es la primera vez que realiza un crédito con FUDECOSUR y está muy contento con las facilidades que se le brindaron. Don Rafael tiene muchos años de trabajar con ganado. El espera en un futuro brindarle a su familia una mejor calidad de vida y una mayor estabilidad económica, y de poder seguir creciendo como persona y como productor.

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
  • 12
    View loans »
    Costa Rica Loans Fundraising
  • $4,059,650
    Funds lent in using Kiva
  • 553.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Rafael to buy cattle.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 3, 2010
Listed
Feb 22, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 19, 2013