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Victor  Manuel
Victor Manuel is 51 years old, single, and lives with his mother. He intends to use this loan to buy young cows for fattening. He currently has a paddock fit to raise young cows. He hopes to provide them with feed so that they will fatten up more quickly. He wants his animals to reach the ideal weight for their sale at the local market or in the surrounding areas. He wants to generate the best possible earnings for his well-being and that of his mother, as well as to grow his venture raising young cows.

This is the first loan that he has received from FUDECOSUR. Victor Manuel has not had any other loans with state banks, but FUDECOSUR has given him a loan with better terms and a much lower interest rate.
View original language description ↓
Victor Manuel, tiene la edad 51 de años, está en soltero y vive con su madre. El pretende con el crédito realizar la compra de novillos para el engorde. El cuenta con un potrero apto para la crianza de novillos y lo que pretende es darle alimentación para su engorde más rápido. El quiere lograr que sus animales alcancen un peso ideal para su venta en el mercado de la localidad o lugares aledaños. El quiere generar la mayor cantidad de ganancias para su bienestar y la de su madre y crecer con el proyecto de cría de novillos. 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
  • 503.2
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Victor Manuel to buy cattle.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 26, 2011
Listed
Aug 17, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2012