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Jorge
Jorge is 18 years old, is single and lives with his parents. With this loan he would like to buy groceries to later sell in his community. He has a location from which he sells, but would like to strengthen his business. He would like to better stock his location and have a better assortment of goods, thereby increasing his sales. He would like to generate greater income for the wellbeing of himself and his family.

This is the first loan that he will receive from FUDECOSUR. Previously he has not had any loans with local banks, but FUDECOSUR has provided the loan with greater ease and a much lower interest rate.
View original language description ↓
Jorge, tiene la edad 18 de años, está soltero y vive con sus padres. El pretende con el crédito realizar la compra de abarrotes para su posterior venta en la comunidad. El cuenta con el local donde desarrolla dicha actividad y lo que pretende es reforzar el negocio. El quiere tener el local más surtido y con más variedad de abarrotes y así aumentar las ventas. El quiere generar la mayor cantidad de ganancias para su bienestar y el de 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

  • $12,900
    Average annual income
  • 43
    View loans »
    Costa Rica Loans Fundraising
  • $4,436,225
    Funds lent in using Kiva
  • 498.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Jorge to sell groceries.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 7, 2012
Listed
Jul 14, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 18, 2013