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Melciades Daniel
Melciades Daniel Marín Chacón, 42, is single and has 6 children who are his main priority. He wants to buy some milk cows to keep in his mother's pasture. He will use the milk for his family's personal consumption and also to sell to generate earnings to support the household. He thinks about the future of his family; he will buy these cows to use so that he can support his family. He wants to invest in this activity because he has experience in this area.

This is the first loan that he has received from FUDECOSUR. He had not had other loans prior to this from state banks. FUDECOSUR has provided him with a loan that has easier payment terms and a much lower rate of interest than those offered by the state banks.
View original language description ↓
Melciades Daniel Marín Chacón, tiene la edad de 42 años, está soltero y tiene 6 hijos que son su mayor prioridad. El quiere comprar unas vaquillas de leche para tenerlas en un potrero donde su mamá y que la leche sea para el consumo propio de su familia y lo demás venderlo para generar ganancias economías para el sustento de su hogar. El piensa en el futuro de su familia, por lo cual hará la compra de esas vacas para su explotación y poder mantener su familia. El tiene experiencia en esa area por lo cual tambien quiere invertir.
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

  • $11,100
    Average annual income
  • 14
    View loans »
    Costa Rica Loans Fundraising
  • $4,063,900
    Funds lent in using Kiva
  • 498.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Melciades Daniel to buy 2 milk cows.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 13, 2011
Listed
Jan 29, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014