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Pablo Humberto
Pablo Humberto is single, and lives with his parents and siblings who are his main priority in life.

With the loan, he intends to purchase cattle to raise and fatten for later sale. He currently has a piece of land suitable for this project in which he is looking to invest.

He has as his goal to generate the maximum advantage from his land and be able to fatten up his animals as quickly as possible. In this way he will be able to sell them at the local market, generating earnings for his family's well-being and his financial stability.

This is the first loan that he has received from FUDECOSUR. He hasn't taken any other loans from the state banks, but FUDECOSUR offered him a loan with better terms and much lower interest rates.
View original language description ↓
Pablo Humberto, está soltero, y vive con sus padres y hermanos que son su mayor prioridad. El con el crédito pretende comprar terneros para criarlos y engordarlos para su posterior venta. el actualmente cuenta con un terreno apto para la explotación de este proyecto por lo cual quiere invertir. El tiene como meta generar el máximo de provecho de su terreno y así poder engordar los animales lo más rápido posible y así venderlos al mercado de la localidad, generando ganancias para su bienestar familiar y su estabilidad económica. 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
  • 14
    View loans »
    Costa Rica Loans Fundraising
  • $4,065,825
    Funds lent in using Kiva
  • 508.2
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Pablo Humberto to purchase cattle to raise.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 6, 2011
Listed
Jan 6, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 18, 2013