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Luis Carlos
Luis Carlos, 20, is single living with his parents at present. He intends to use the loan to buy pigs to fatten up and later sell. He plans to buy pigs and concentrated feed to fatten them up and then sell in the local market. His main goal is to fatten them up quickly to sell and generate the largest possible profit 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 has provided the best terms and a much lower interest rate.
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Luis Carlos, tiene la edad de 20 años, está soltero, vive con sus padres actualmente. El con el crédito pretende comprar cerdos para engorde y posteriormente venta. El tiene pensado comprar los cerdos y el concentrado 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
  • 37
    View loans »
    Costa Rica Loans Fundraising
  • $4,171,575
    Funds lent in using Kiva
  • 511.6
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Luis Carlos to buy pigs.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 14, 2012
Listed
Mar 15, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013