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Herald Andres
Herald Andres is 25 years old and married. He lives with his daughter and spouse, who are his first priority. With this loan he will buy a cow that is already pregnant and weaning a calf. The idea is to take advantage of the space that he has for grazing and the good conditions of the earth and climate for keeping these animals. At the same time, he will get some milk and raise cattle to sell them for meat in the future.

With this purchase, he will be able to engage in one more activity and also build some savings, which will allow him to gradually have more animals and invest more in his property. This is his first loan with Fudecosur. He hasn't had any loans with state-owned banks before, but Fudecosur offered him the loan with a better payment plan and much lower interest rates.
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Herald Andres, tiene la edad de 25 años, está casado, vive con su hija y esposa que son su mayor prioridad. Con su crédito pretende hacer la compra de una vaca con una cría al destete y también se encuentra preñada. La idea es aprovechar el espacio que tiene de pasto y las buenas condiciones de terreno y clima para poder tener estos animales y a la vez obtener algo de leche y desarrollar terneros para en el futuro venderlos para carne. Con esta compra podrá desarrollar una actividad más, y a la vez tener un ahorro que le permitirá ir teniendo más animales e invertir más en la propiedad. Es el primer préstamo que recibido de FUDECOSUR. Él 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
  • 11
    View loans »
    Costa Rica Loans Fundraising
  • $3,978,825
    Funds lent in using Kiva
  • 499.5
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,025 helped Herald Andres to buy a cow.
33% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 4, 2013
Listed
Mar 24, 2013
Currency Exchange Loss:
Possible