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Marco Antonio
Marco Antonio A. M. is married living with his wife who is his greatest priority. He wants to buy a few tools to make furniture that he needs for his cabinet making shop. He has several years experience making all kinds of furniture. He’d like to improve the level of quality of his work and provide his customers with better finishings of a higher level providing his items with more precision and fine touches. He wants to generate better profits for his family’s wellbeing as well as to invest in his small workshop to grow in the area thus creating more demand for his products.

This is his second loan from FUDECOSUR. He hadn’t had previous loans from state banks but FUDECOSUR provided the loan with better terms and a much lower interest rate.
View original language description ↓
Marco Antonio A. M., está casado y vive con su esposa que es su mayor prioridad. El quiere comprar algunas herramientas para la fabricación de muebles que le hacen falta en su ebanistería. El cuenta con varios años de experiencia en la fabricación de muebles de todo tipo y lo que él quiere es mejorar su nivel de calidad de trabajo y servir o cumplir a sus clientes con un mejor acabado de un nivel más alto, dándole más precisión a sus trabajos y finura. El quiere es generar ganancias para su bienestar familiar, al igual para invertir más en su pequeño taller e ir creciendo en el área hasta poder llegar a tener más demanda de sus productos.
Es el segundo 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
  • 12
    View loans »
    Costa Rica Loans Fundraising
  • $4,059,650
    Funds lent in using Kiva
  • 495.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Marco Antonio to buy cabinet making tools.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 22, 2011
Listed
Mar 9, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2012