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Danny
Danny F. Q. is 19 years old, single, and he lives with his parents and siblings. He plans on purchasing tools and machines to help him carry out his construction jobs. He has various years working in the field and he has a few tools but he is missing some important ones, which is why he wants to buy them. His goal is to provide good finishes to his projects and to be more competitive in his work by increasing efficiency. Another one of his goals is to generate more income to keep investing and to help his family with the daily expenses.

It is the first loan he has received from Fudecosur (Kiva Field Partner). He has not had other previous loans with state banks, but Fudecosur has provided him with a loan with greater ease and the interest rate is much lower.
View original language description ↓
Danny F. Q., tiene la edad de 19 años, está soltero y vive aun con sus padres y sus hermanos. El pretende con el dinero realizar la compra de herramientas y maquinas para la facilitación de sus trabajos en construcción. El cuenta con experiencia ya de varios años trabajando en esto y cuenta con algunas herramientas pero le faltan unas de importancia por lo cual quiere comprarlas. El tiene como meta realizar trabajos de acabados de buena calidad y ser más competitivo en su trabajo con una mayor eficiencia. Otra de sus metas es generar ganancias para seguir invirtiendo y ayudarle a su familia con el sustento diario.
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
  • 22
    View loans »
    Costa Rica Loans Fundraising
  • $4,356,875
    Funds lent in using Kiva
  • 496.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Danny to purchase construction tools.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 28, 2011
Listed
Apr 29, 2011
Currency Exchange Loss:
Possible
Ended:
May 15, 2012