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Greivin
Greivin is 22 years old, single and lives with his mother, who is his top priority. With this loan he intends to buy wood and other materials and to pay for the labor to repair his home in order to eliminate leaks that occur during the rainy season. Greivin plans to make a high-quality improvement to his home that will improve his mother’s quality of life.

This is the first loan Greivin has received through FUDECOSUR. He has not had any loans with state banks, but FUDECOSUR has provided him the loan with better terms and a much lower interest rate.
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Greivin, tiene la edad de 22 años, está soltero, vive con su mamá, la cual es su mayor prioridad. El con su crédito pretende hacer la compra de madera y materiales pagar mano de obra en la reparación a la vivienda, y de esta manera eliminar algunas entradas de agua a la vivienda en el periodo de lluvia y así poderle ofrecer una mejor calidad de vida a su madre. Con esta compra pretende hacer una mejora de buena calidad a su casa y que su mamá mejoré su calidad de vida. 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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Costa Rica

  • $11,100
    Average annual income
  • 7
    View loans »
    Costa Rica Loans Fundraising
  • $3,979,500
    Funds lent in using Kiva
  • 499.5
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $625 helped Greivin to buy wood and other materials and to pay for the labor to repair his home.
33% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 26, 2013
Listed
Apr 9, 2013
Currency Exchange Loss:
Possible