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Juan Carlos
Juan Carlos, 38, is married and lives with his two children and his wife.

With the loan he wants to buy tools for his mechanic shop. He has a place and the experience necessary to get ahead with the project, for which he wants to buy more tools to be able to give his customers better service. With the purchase of these tools he will perfect his work and be able to offer his customers better and higher quality results. With this he wants to generate the greatest quantity of profits for his and his family's well-being.

This is the first loan he has received from FUDECOSUR. Previously, he had not had other loans from state banks, but FUDECOSUR has offered him this loan with better terms and a much lower interest rate.
View original language description ↓
Juan Carlos, tiene la edad 38 de años, está casado y vive con sus 2 hijos y su esposa. El pretende con el crédito comprar herramientas para su taller mecánico. El cuenta con un local y la experiencia necesaria para seguir adelante con el proyecto, por lo cual el quiere comprar mas herramienta para así darle a sus clientes una mejor atención. El con la compra de esta herramienta perfeccionara sus trabajos y podrá ofrecerle a sus clientes mejores resultados con mayor calidad. El quiere con esto generar la mayor cantidad de ganancias para el bienestar de su familia y propio. 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
  • 10
    View loans »
    Costa Rica Loans Fundraising
  • $3,978,825
    Funds lent in using Kiva
  • 500.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Juan Carlos to buy shop tools.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 22, 2011
Listed
Sep 22, 2011
Currency Exchange Loss:
Possible
Ended:
May 20, 2013