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Mauricio
Mauricio, 30, is married living with his daughter and wife. He wants to use the loan to buy cattle. This gentleman who is noted for being a hardworking, very humble man, wants to earn family income to get ahead and be able to have a better quality of life by means of this economic activity but his economic situation does not permit this purchase because he lacks the necessary capital and has no way to get it which is why he’s making this loan request, his first from Fudecosur. He’s had no previous loans in state banks and Fudecosur offered the best terms and a much lower interest rate.
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Mauricio tiene 30 años de edad, es casado, y vive con su hija y su esposa actualmente, el con el crédito desea comprar ganado. Este caballero, el cual es caracterizado por ser un hombre trabajador, y muy humilde, quiere generar ingresos a su familia, para salir adelante y poder tener una mejor calidad de vida por medio de esta actividad económica, pero su situación económica no le permite realizar dicha compra, ya que no cuenta con el capital necesario y no tiene manera alguna de cómo adquirirlo, por lo que hace solicitud de un crédito, y es el primer préstamo que ha 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
  • 26
    View loans »
    Costa Rica Loans Fundraising
  • $4,365,675
    Funds lent in using Kiva
  • 499.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Mauricio to buy cattle.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 1, 2012
Listed
Dec 5, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014