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Victor Hugo
Víctor Hugo is 43 years old and married. He lives with his five children and his wife, and they are his greatest priority.

He expects to use the loan to buy pigs to fatten and the food for their sustenance. He has a place where he will fatten them and take care of them. He wants to fatten them for the coming good season of high sales and very good prices for pork.

His goal is to generate the maximum earnings in order to give his children their daily sustenance and to be able to improve his standard of living and the well-being of his family.

This is the first loan he has received from FUDECOSUR. He has not had other previous loans in state banks. FUDECOSUR provided the loan with the best terms and a much lower interest rate.
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Víctor Hugo, tiene la edad de 43 años, está casado y vive con sus 5 hijos y su esposa que son su mayor prioridad. El con el crédito pretende comprar cerdos para el engorde y los alimentos para su mantén. El cuenta con un local donde los tendrá para su posterior engorde y cuido. El quiere engordarlos para esta buena temporada que se aproxima de altas ventas para la carne de credo y a muy buenos precios. El tienen como meta generar el máximo de las ganancias para darles el sustento de cada día a sus hijos y poder ir mejorando su nivel económico y de bienestar familiar. Es el primer préstamo que recibido de FUDECOSUR. Ella 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
  • 0
    View loans »
    Costa Rica Loans Fundraising
  • $4,022,575
    Funds lent in using Kiva
  • 500.2
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Victor Hugo to buy pigs.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 17, 2011
Listed
Nov 16, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014