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Roy
Roy is 38 years old. He is married and lives with his wife and son, who are his main priority. With the loan, he intends to purchase sawmilling equipment. He has several years experience in the sawmilling industry and what he wants to do is supplement the tools he already has to further facilitate his work. He wants to generate sufficient income to cover the loan and improve his future quality of life. This is his first loan with FUDECOSUR. He has never had any loans from state banks. However, FUDECOSUR has given him the loan with better facilities and a much lower interest rate.
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Roy, tiene la edad 38 de años, está casado y vive con su esposa e hijo que son su mayor prioridad. El pretende con el credito comprar el equipo para aserrar madera. El cuenta con varios años de experiencia en al aserrado de madera y lo que el quiere es complementar mas su herramientas para así facilitar aún mas su trabajo. El pretende con esa compra aumentar su rendimiento en el trabajo y así generar mayor ganancias para su bienestar familiar. El quiere generar suficientes ganancias para salir con el credito y mejorar su calidad de vida en el futuro. 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
  • 29
    View loans »
    Costa Rica Loans Fundraising
  • $4,168,700
    Funds lent in using Kiva
  • 509.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Roy to buy sawmilling equipment.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 13, 2011
Listed
Sep 17, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012