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Jose
José Alberto is 36 and lives with his common-law wife. He will use the loan to buy a welding machine. He works in construction and does all types of construction and needs this machine for better finish and quality. He has had years in this work and he wants to continue perfecting it to give his customers what they want. His goal is to get the most income for the welfare of his family and for their economic stability. He is also thinking about increasing his customers with better work so that he will have continuous jobs.
This is the first loan that he will have with FUDECOSUR. He hasn’t had other loans with government banks but FUDECOSUR has offered him the loan with great terms and a much lower interest rate.
View original language description ↓
José Alberto, tiene la edad de 36 años, está en unión libre y vive con su esposa actualmente. El con el crédito pretende comprar una máquina para la soldadura. El actualmente se desempeña como trabajador en construcciones y elabora todo tipo de construcciones y necesita esta máquina para poder dar un mejor acabado a sus trabajos y mayor calidad. El cuenta con la experiencia de varios años de trabajo y por lo cual quiere ir perfeccionando sus trabajos para darles a sus clientes lo que ellos quieran. El tiene como meta generar el máximo de las ganancias para su bienestar familiar y nivel económico más estable. También tiene pensado aumentar sus clientes con su mejor desempeño para una mejor estabilidad laborar. 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
  • 38
    View loans »
    Costa Rica Loans Fundraising
  • $4,168,700
    Funds lent in using Kiva
  • 499.5
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Jose to buy a welding machine.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 22, 2011
Listed
Dec 5, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014