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Manuel
Manuel M. L. is 54 years old, and he is married. He lives with his wife and their three children; 28, 27, and 8 years old. They are his greatest priority.

He wants the loan to buy tools for the workers he is in charge of. Manuel has been working in construction for several years. This is his first loan with FUDECOSUR, and he is very happy with the terms of the loan.

In the future Manuel hopes to give his family a better quality of life and greater economic stability. He also wants to be able to keep growing as a person and to reach his goals and complete his projects.
View original language description ↓
Manuel M. L., tiene la edad de 54 años, está casado, y vive con su esposa y tres hijos, de 28,27 y 8 años de edad, ellos son su mayor prioridad. El crédito lo quiere para la compra de herramienta. para los trabajadores que tiene a su cargo. La idea es facilitarle el trabajo a los trabajadores en la construcción.Don Manuel tiene varios años de dedicarse a la construcción. Es la primera vez que realiza un crédito con FUDECOSUR y está muy contento con las facilidades que se le brindaron. Don Manuel 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, además de poder alcanzar sus metas y proyectos.

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
  • 1
    View loans »
    Costa Rica Loans Fundraising
  • $4,017,375
    Funds lent in using Kiva
  • 514.1
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Manuel buy tools for work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 15, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011