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Martín
Martín is 58 years old, married, and lives with his children and wife, who are his top priority. With this loan, he plans to buy materials to construct a building in which he can raise some fattening pigs. The idea is to make use of the space and good conditions he has to build a pigsty. He also wants to buy some high quality pigs that he can fatten in a short space of time. This purchase will enable him to develop his activities and also save money, which will allow him to buy more animals and invest more in his project. It will also bring in more money for his family.

This is his first loan with FUDECOSUR. He has never had a loan with state banks, but FUDECOSUR has given him the loan more easily and the interest rate is much lower.
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Martín, tiene la edad de 58 años, está casado, vive con sus hijos y esposa que son su mayor prioridad. Con su crédito pretende hacer la compra materiales para poder hacer la construcción de un local donde pueda tener y desarrollar algunos cerdos para el engorde. La idea es aprovechar el espacio que tiene y las buenas condiciones para ubicar un chiquero para los cerdos. Además de obtener unos cerdos de buena calidad que a corto plazo puedan estar gordos y de buena calidad. Con esta compra podrá desarrollar la actividad, y a la vez tener un ahorro que le permitirá ir teniendo más animales e invertir más en el proyecto y a la vez darle más ingresos económicos a su familia. 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

  • $12,900
    Average annual income
  • 20
    View loans »
    Costa Rica Loans Fundraising
  • $4,359,575
    Funds lent in using Kiva
  • 492.9
    Costa Rica Colones (CRC) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $625 helped Martín to buy pigs for fattening.
99% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 27, 2013
Listed
Mar 24, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2015