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Jorge Antonio
Jorge Antonio is single and currently lives with his parents and brothers. With the loan he will buy basic tools for his auto shop. He owns an auto shop with his father repairing motorcycles, and he needs a tool kit to do his job more quickly and efficiently. He wants to give his clientele good quality work and quicker repair service, and so he will purchase these tools. He wants this loan to generate more income for his financial well-being and also to give his clients more assurance in his work and better results. This is the first loan that he’s received from FUDECOSUR. He’s not had prior loans in established banks, but FUDECOSUR has awarded him this loan with great ease and with very low interest rates.
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Jorge Antonio, está soltero y vive con sus padres y hermanos actualmente. El con el crédito va comprar herramienta básica para el taller mecánico. El cuenta con un taller con su padre de reparación de motocicletas y necesita una herramienta necesaria para desempeñar sus trabajos con más eficacia y rapidez. Él le quiere dar a su clientela un trabajo con mayor calidad y más rapidez en la reparación de las motos por lo cual hará la compra de estos instrumentos. El quiere generar de este crédito la mayor de las ganancias para su bienestar económico y así también darles a sus clientes más garantía en los trabajos y mejores resultados. 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
  • 5
    View loans »
    Costa Rica Loans Fundraising
  • $3,979,500
    Funds lent in using Kiva
  • 507.6
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Jorge Antonio to buy tools.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 9, 2011
Listed
Oct 4, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 22, 2014