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Older
Older is 30 years old and married. He lives with his wife, who is his top priority. With this loan he will buy materials to remodel his house, including cement, wood, and sand to make improvements. His home is already built, but he wants to fix it up to improve its appearance and have better finishings. He is also thinking about the security of his household goods so he wants to make these improvements. He wants to be able to provide his wife with a better situation in her home, and have an environment of family harmony and security in the house. This is the first loan he has received from FUDECOSUR. He has never had a loan through the State banks. FUDECOSUR has provided the loan with better terms and a much lower interest rate.
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Older, tiene la edad de 30 años, está casado, vive con su esposa actualmente que es su mayor prioridad. El con el crédito va comprar materiales para la remodelación de su hogar y comprara cemento, madera y arena para estas mejoras. El cuenta con la casa ya construida y le quiere hacer unos arreglos mas para mejorar su apariencia a su casa y darle un mejor acabado, también él piensa en la seguridad de sus utensilios de hogar por lo cual hará las mejoras. El quiere brindarle a su esposa una buena estadía en su hogar y tener un ambiente familiar de armonía y seguridad dentro de su hogar. 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

  • $12,900
    Average annual income
  • 36
    View loans »
    Costa Rica Loans Fundraising
  • $4,438,125
    Funds lent in using Kiva
  • 505.5
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Older to make improvements to his home.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 20, 2012
Listed
Mar 26, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014