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Juan
Juan, 39, is married and lives with his wife and three children. He wants to use the loan to buy tools for his vehicle repair shop. He has a shop location and the necessary experience to carry out his project, so he wants to buy more tools to be able to give his customers better service. The tools will allow him to do a better job so he can offer his customers better quailty. His aim is to generate more income for his family's well-being. This is his first loan through FUDECOSUR. He has never had a state bank loan before; FUDECOSUR is giving him better loan terms and a much lower interest rate.
View original language description ↓
Juan, tiene la edad 39 de años, está casado y vive con sus tres hijos y su esposa. El pretende con el crédito comprar herramientas para su taller mecánico. El cuenta con un local y la experiencia necesaria para seguir adelante con el proyecto, por lo cual él quiere comprar más herramienta para así darles a sus clientes una mejor atención. El con la compra de esta herramienta perfeccionara sus trabajos y podrá ofrecerle a sus clientes mejores resultados con mayor calidad. El quiere con esto generar la mayor cantidad de ganancias para el bienestar de su familia y propio. 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

  • $12,900
    Average annual income
  • 37
    View loans »
    Costa Rica Loans Fundraising
  • $4,438,125
    Funds lent in using Kiva
  • 503.0
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Juan to buy tools.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 7, 2013
Listed
Feb 4, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 29, 2014