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Magdonal
Magdonal, 43, is married and lives with his wife and three children. He is requesting a loan to buy pigs and wants to give them concentrated feed to speed up their fattening. Once they reach their ideal weight will sell them at the local market or nearby villages. His aim is to generate more income for his and his parents' welfare, and expand in the pig raising business.

This is his first loan through FUDECOSUR. He has never had a state bank loan and FUDECOSUR is giving him better loan terms and a much lower interest rate.
View original language description ↓
Magdonal, tiene la edad 43 de años, está casado y vive con la esposa y tres hijos. El pretende con el crédito realizar la compra de cerdos. Lo que pretende es darle alimentación con concentrado para su engorde más rápido. El quiere tener sus animales con el peso ideal para su posterior venta en el mercado de la localidad o lugares aledaños. El quiere generar la mayor cantidad de ganancias para su bienestar y la de sus padres y crecer con el proyecto de cría de cerdos. 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
  • 33
    View loans »
    Costa Rica Loans Fundraising
  • $4,168,700
    Funds lent in using Kiva
  • 499.6
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,025 helped Magdonal to buy pigs.
66% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 7, 2013
Listed
Mar 8, 2013
Currency Exchange Loss:
Possible