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Roger Osvaldo
Roger Osvaldo V. R., 24, is single. He wants to buy some tools that he needs to continue with his small motorcycle repair shop. He needs a compressor, precision instruments and a press, among others. He has been in this profession for years and has experience to continue improving the business which is why he needs to buy these machines. With this option he intends to improve the quality of his customer service while generating money to continue with his life and business.

This is his first loan from FUDECOSUR. He has not had any previous loans from state banks but FUDECOSUR offered him the loan with the easiest terms and a much lower interest rate.
View original language description ↓
Roger Osvaldo V. R., tiene la edad de 24 años, está Soltero. El quiere comprar unos implementos necesarios para poder seguir con su pequeño negocio del arreglo de motocicletas. El necesita compra un compresor, herramientas de precisión y una prensa entre otros. El hace años se ha dedicado a este profesión y tiene la experiencia para seguir mejorando su negocio por lo cual necesita realizar la compra de esas maquinas. Con ésta opción él pretende mejorar su calidad de atención al cliente y a su vez ir generando dinero para seguir adelante con su vida y negocio.
Es el primer préstamo que recibido de FUDECOSUR. El no había tenido antes otros préstamos en bancos estatales, pero FUDECOSUR le ha brindado el préstamo con mayores facilidades y la tasa de intereses mucho más baja.

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
  • 38
    View loans »
    Costa Rica Loans Fundraising
  • $4,441,500
    Funds lent in using Kiva
  • 499.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Roger Osvaldo to buy some tools for the shop.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 10, 2010
Listed
Dec 21, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014