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Victor
Víctor, a 33-year-old entrepreneur, is married and lives with his wife. He is requesting a loan to buy a motorcycle to travel to his coffee plantation so he can take better care of the crop and improve production. This is the main source of income for the family to get ahead.

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 ↓
Víctor, un hombre emprendedor , tiene 33 años de edad, es casado y vive con su esposa actualmente, el solicito un préstamo con el anhelo de comprar una motocicleta, con la finalidad de poderse trasladar a una propiedad que tienen para poder dar una mejor asistencia y la cual está sembrada de café y obtener mejores resultados en la producción ya que de esta actividad económica dependen para poder salir adelante, por lo que él hace una solicitud de crédito , y es el primer préstamo que ha recibido de FUDECOSUR. El no registra 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
  • 8
    View loans »
    Costa Rica Loans Fundraising
  • $3,979,500
    Funds lent in using Kiva
  • 499.4
    Costa Rica Colones (CRC) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,025 helped Victor to buy a motorcycle.
33% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 12, 2013
Listed
Mar 15, 2013
Currency Exchange Loss:
Possible