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Mauricio
Mauricio, 29, is married living with his wife and daughter who are his greatest priority. He intends to use the loan to buy raw materials for his work. He works as an upholsterer servicing sofas and chairs for his customers. He’s been in this profession for years and now wants to provide better customer service so they will be even more satisfied with his work. He’s thinking about increasing his work to earn higher profits to repay the loan and provide his family a better quality of life in future. This is the first loan he’s gotten from Fudecosur. He’s had no previous loans with state banks and Fudecosur offered the best terms and a much lower interest rate.
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Mauricio, está casado, tiene la edad de 29 años, vive son su esposa y su hija que son su mayor prioridad. El con el crédito pretende comprar la materia para la elaboración de sus trabajos, el se dedica a realizar trabajos de tapicería dando mantenimiento de sillones y asientos a sus clientes. El se dedica ya desde hace varios años a esta profesión y ahora quiere ir dando un mejor servicio a sus clientes para que queden satisfechos aun más con su elaboración. El tiene pensado aumentar sus trabajo y así poder generar mas ganancias para salir adelante con el crédito y darle a su familia una mejor calidad de vida para su futuro. 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
  • 56
    View loans »
    Costa Rica Loans Fundraising
  • $4,320,650
    Funds lent in using Kiva
  • 498.7
    Costa Rica Colones (CRC) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $625 helped Mauricio to buy fabric and work tools.
98% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Dec 14, 2012
Listed
Jan 10, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014