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Carlos
Carlos, 32, is married and currently lives with his wife. With this loan, he plans to buy feed to fatten his pigs. He owns a number of pigs, and with this loan he plans to strengthen his business by feeding them with concentrate so they will fatten more quickly. He wants to get his animals to the ideal weight so that he can later sell them in the town market, or in the surrounding areas. With this activity of raising pigs to fatten, he wants to generate more income for himself and for his family's welfare. This is the first loan that he has received from FUDECOSUR. Prior to this, he had not taken loans from the state banks, but FUDECOSUR has provided him with a loan that has easier payments terms and a much lower interest rate.
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Carlos, tiene la edad 32 de años, está casado y vive con la esposa actualmente. El pretende con el crédito realizar la compra de concentrado para el engorde de los mismos. El cuenta con varios cerdos a su poder y lo que pretende es reforzar el negocio y darle alimentación con concentrado para su engorde más rápido. El quiere tener sus animales con el peso ideal para su posterior venta en el mercado de la localidad o lugares aledaños. El quiere generar la mayor cantidad de ganancias para su bienestar y de la familia y crecer con el proyecto de cerdos de engorde. 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
  • 43
    View loans »
    Costa Rica Loans Fundraising
  • $4,193,400
    Funds lent in using Kiva
  • 499.4
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Carlos to buy concentrated feed for his pigs.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 4, 2012
Listed
Oct 31, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014