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Yorlene
Yorlene is 36 years old, married and lives with her husband and children who are her main priority. With the loan, Yorlene wants to buy calves to fatten up, this will ensure that she will be able to have the best quality animals by buying them healthy and raise them well to have good quality meat and have them ready to sell. This is her first loan with FUDECOSUR, and she has not had any other loans in state banks but FUDECOSUR gave her the loan easily with lower interest rates.
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Yorlene, tiene la edad de 36 años, está casado, vive con su esposo y sus hijos los cuales son su mayor prioridad. El con su crédito pretende hacer la compra de terneros para el engorde, y de esta manera asegurarse de adquirir animales de buena calidad. Lo que quiere es poder asegurarse de comprar terneros saludables y que tengan un buen desarrollo y de carne de buena calidad, además tener a mediano plazo terneros listos para la venta. 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
  • 24
    View loans »
    Costa Rica Loans Fundraising
  • $4,165,075
    Funds lent in using Kiva
  • 503.6
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Yorlene buy calves to fatten them up.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 27, 2012
Listed
Apr 25, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013