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Leocadio
Leocadio, 51, is single and currently lives alone. With the loan he intends to buy feed to keep his pigs in good condition. He depends on the pigs and what he wants is to fatten them for sale quickly and so generate quick profits. His goal is to sell his pigs in good time so he will be well paid for his animals. In this way, with the profits generated he will have more stable finances for his future.

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 a loan with better terms and a much lower interest rate.
View original language description ↓

Leocadio, tiene la edad de 51 años, está soltero, vive solo actualmente. El con el crédito pretende comprar alimento para mantener sus cerdos en buen estado. El cuenta con los cerdos y lo que el quiere es engordarlos rápido para la venta y así generar ganancias rápidas. Su meta es vender sus cerdos en un buen tiempo para que sea bien pagado sus animales y así con las ganancias generadas tener una estabilidad económica más estable para su futuro. 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
  • 0
    View loans »
    Costa Rica Loans Fundraising
  • $4,022,575
    Funds lent in using Kiva
  • 508.2
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Leocadio to buy pig feed.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 12, 2011
Listed
Jan 16, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014