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Diego
Diego, 27, is married and lives with his son and wife who are his priority. He intends to use the loan to buy cologne and clothes to sell to his customers. He currently works as a door to door salesman so he has a fixed clientele. He wants to offer his customers a wider selection of products to buy and thus meet their needs. His goal is to increase sales and generate more income for his family’s wellbeing and for future economic stability for him and his family. This is his first Fudecosur loan. He’s had no previous loans with state banks and Fudecosur has provided the best terms and a much lower interest rate.
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Diego, tiene la edad de 27 años, está casado, vive con su hijo y su esposo que son su prioridad. El con el crédito pretende comprar colonias y ropa para la venta de esta mercadería a sus clientes. El actualmente se desempeña como vendedor a domicilio y tiene varios años de trabajar en eso por lo cual ya cuenta con una clientela fija. El quiere darle a sus clientes un mejor surtido de productos para la compra y así satisfacer sus necesidades. El tiene como meta aumentar sus ventas y generar más ingresos para su bienestar familiar y una estabilidad económica mejor para su futuro y al de su familia. 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
  • 11
    View loans »
    Costa Rica Loans Fundraising
  • $3,973,175
    Funds lent in using Kiva
  • 502.1
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Diego to buy clothes and cologne.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 2, 2012
Listed
Jan 31, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013