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Jorge
Jorge Ignacio is 18 years old, single and lives with his parents and brothers, whom are his main priority.

With his loan he will buy groceries for his local store, and in this way will be able to offer the customers a greater quantity of products and of high quality. With this purchase he hopes to have better profits, to invest more in his local store, and reach his goals that in the future he will increase the quality of life for him and his family.

This is the first loan he received from FUDECOSUR. He hasn't have other loans in state banks before, but FUDECOSUR brought him the loan with better facilities and a much lower interest rate.
View original language description ↓
Jorge Ignacio, tiene la edad de 18 años, está soltero, vive con sus padres y hermanos, los cuales son su mayor prioridad. El con su crédito pretende hacer la compra de abarrotes para la pulpería, y de esta manera poderle ofrecer a los clientes una mayor cantidad de productos para el consumo humano y todos de buena calidad. Con esta compra pretende tener mejores ingresos para invertir más en su pulpería y cumplir metas que en el futuro le mejorará su calidad de vida para él y 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
  • 500.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Jorge to buy groceries.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 8, 2012
Listed
Jun 5, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013