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Miriam
Miriam is forty-six years old, is married, and lives with her daughter and grandson. She is applying for a loan in order to buy pigs and the feed that fattens them.

She has all the facilities for this activity, and she gives the pigs this feed in order to fatten them more quickly. She wants to have her animals at an ideal weight in order to later sell them in the local market or in neighboring towns. She wants to generate the most profits for her well-being and she also wants to grow her pig-raising project.

This is the first loan that she has received from FUDECOSUR. She has not had other loans from state banks; FUDECOSUR has offered her the loan with greater ease and with a much lower interest rate.
View original language description ↓
Miriam, tiene la edad 46 de años, está casada y vive con su hija y un nieto. Ella pretende con el crédito realizar la compra de unos cerdos y además el concentrado para el engorde de los mismos. Ella cuenta con las instalaciones para dicha actividad y lo que pretende es darle alimentación con concentrado para su engorde más rápido. Ella quiere tener sus animales con el peso ideal para su posterior venta en el mercado de la localidad o lugares aledaños. Ella quiere generar la mayor cantidad de ganancias para su bienestar y crecer con el proyecto de cría de cerdos. Es el primer préstamo que recibido de FUDECOSUR. Ella 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
  • 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 Miriam to buy pigs.
66% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 13, 2013
Listed
Mar 15, 2013
Currency Exchange Loss:
Possible