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Manuel is 29 years old, single, and lives with his parents and siblings; they are her highest priority. He will use the money from this loan to repair his fences and buy some grass seed so that he can have dense grassy pastures. He will also buy some steer to fatten up. He wants to take advantage of the low prices for some good quality animals. With these repairs and animals, he expects to obtain greater income and in this way improve his quality of life, have personal success, and invest more into his business and be more competitive so that he can take advantage of the land’s and livestock’s good conditions. This will be his first loan through FUDECOSUR. He has not had previous loans with state banks, but FUDECOSUR provided a loan with simpler conditions and at a lower interest rate.
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Manuel, tiene la edad de 29 años, está soltero, vive con sus padres y hermanos los cuales son su mayor prioridad. Con su crédito pretende hacer la reparación la reparación de cercas y la compra de semilla de pasto para tener potreros bien poblados de pasto y con un mejor rendimiento por área, además de comprar algunos terneros para el engorde. Lo que pretende es aprovechar los precios bajos en algunos animales y que son de buena calidad. Con las mejoras realizadas en los potreros y la compra de nuevos terneros espera obtener más ingresos y así mejorar las condiciones de vida y tener una mayor superación personal y además de invertir más en la actividad y ser más competitivo y poder aprovechar las ventajas de las buenas condiciones de la propiedad para el desarrollo del ganado. Es el primer préstamo que recibido de FUDECOSUR. 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.


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

About Costa Rica

  • $12,900
    Average annual income
  • 9
    View loans »
    Costa Rica Loans Fundraising
  • $4,501,700
    Funds lent in using Kiva
  • 499.8
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Manuel to prepare his land.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Nov 27, 2012
Dec 25, 2012
Currency Exchange Loss:
Sep 17, 2015