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Asdrubal
Asdrúbal P. M., 47, is married and has a son who is his greatest priority as is his wife. He intends to use the money to buy livestock for subsequent sale as well as to repair the truck he uses to transport the animals for different people to the livestock auction. He intends to earn greater income for his family’s wellbeing and to have a better quality of life.

Asdrúbal is a livestock middleman and has many years experience in this line of work. He wants to provide schooling for his son so that he will become a professional in some area and not have so many difficulties to attain this.

This is his first loan from FUDECOSUR. He has had prior loans in state banks, like the Bank of Costa Rica, but FUDECOSUR has provided the loan with easier terms and a much lower interest rate.
View original language description ↓
Asdrúbal P. M., tiene la edad de 47 años, está casado y tiene 1 hijo que es su mayor prioridad al igual que su señora esposa. El con el dinero pretende comprar ganado para su posterior venta y mejorar su camión pues el brinda servicio de trasporte de estos animales a la subasta ganadera a diferentes personas. El pretende generar mayores ingresos para el bienestar de su familia y tener una mejor calidad de vida. Asdrúbal es intermediaro de ganado y tiene muchos años de experiencia en este tipo de trabajo. El quiere brindarle a su hijo el estudio para que pueda llegar a ser un profesional en alguna area y no tenga tantos dificultades para lograrlo.
Es el primer préstamo que recibido de FUDECOSUR. El ha tenido antes otros préstamos en bancos estatales como el Banco de Costa Rica, 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
  • $4,065,825
    Funds lent in using Kiva
  • 495.4
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Asdrubal for truck repair and to buy livestock to sell.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 17, 2011
Listed
Feb 22, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014