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Michael, 30, is married and lives with his child and wife, who are his main priority.

With his loan he plans to buy materials for his photocopying work that are indispensable for giving his customers good service. He hopes to be able to acquire good-quality materials so he has everything he needs to give the users the work they want quickly. Also, he'll make the most of his years of experience, continue with his current customers, and increase his clientele and his services, as well as keep adding new ones.

His store is located in a highly commercial area and there's no competition in the same line of work. It's the first loan he has received from FUDECOSUR. He had not had other loans from state banks, but FUDECOSUR offered him a loan with better terms and a much lower interest rate.
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Michael, tiene la edad de 30 años, está casa, vive con su hijo y esposo, los cuales son su mayor prioridad. Con su crédito pretende hacer la compra de materiales para realizar el trabajo de fotocopiado que es indispensable para dar un buen servicio a los clientes, espera tener la posibilidad de adquirir materiales de buena calidad y así los usuarios tendrán un trabajo deseado y en forma rápida, y contará con lo necesario para realizarlo. Además de aprovechar los años de experiencia que tiene y seguir manteniendo la clientela actual y seguir aumentándola como también los servicios e ir incorporando nuevos. El local se encuentra en una zona de alto comercialización y no tiene competencia en el mismo desempeño. 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.


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
  • 55
    View loans »
    Costa Rica Loans Fundraising
  • $4,673,875
    Funds lent in using Kiva
  • 503.0
    Costa Rica Colones (CRC) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,000 helped Michael to buy materials for his photocopying service.
74% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Jan 23, 2013
Feb 3, 2013
Currency Exchange Loss: