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Arion
Arion, 40, is married and lives with his wife and his daughter, who is currently in school. With this loan, he plans to buy 2 calves to fatten. This borrower already has 3 of these, and what he is planning to do is to strengthen his business. He wants to get his animals to the ideal size so that he can later sell them in the town market. He wants to generate more income for himself and for his family's welfare, and also to pay for the education of his daughter. 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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Arion , tiene la edad de 40 años, está casado y vive con su esposa y su hija quien cursa actualmente el colegio. El pretende con el crédito realizar la compra de dos novillos de engorde, dicho prestatario cuenta ya con tres de estos, y lo que pretende es reforzar el negocio. El quiere tener sus animales con el peso ideal para su posterior venta en el mercado de la localidad. El quiere generar la mayor cantidad de ganancias para su bienestar y la de su familia y así poder pagar el estudio de la hija. 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
  • 0
    View loans »
    Costa Rica Loans Fundraising
  • $4,022,575
    Funds lent in using Kiva
  • 499.4
    Costa Rica Colones (CRC) = $1 USD