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Mario
Mario, 80, is a widower and lives alone at present. He intends to use his loan to buy chicks to fatten up and later sell. He plans to buy supplies like feed concentrate to fatten them up and then sell them in the local market. His main goal is to fatten them up quickly to sell them and obtain the largest profit possible to improve his economic stability. This is the first loan he’s gotten from Fudecosur. He’s had no previous loans with state banks but Fudecosur offered the best loan terms and a much lower interest rate.
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Mario, tiene la edad de 80 años, está viudo, vive solo actualmente. El con el crédito pretende comprar pollos para su engorde y posterior venta. El tiene pensado comprar los insumos como el concentrado para la venta para engordarlos y así poder venderlos luego al mercado de la localidad. El tiene como meta prioritaria engordarlos rápido para su venta y así generar y obtener el máximo de ganancias disponibles para mejorar 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
  • 29
    View loans »
    Costa Rica Loans Fundraising
  • $4,168,700
    Funds lent in using Kiva
  • 511.6
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Mario to buy chicks to fatten up.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 13, 2012
Listed
Mar 15, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 18, 2013