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Digno
Digno is 69 years old. He is married and lives with his wife and a daughter. He lives in Santa Marta.

He wants a loan in order to buy some machines for carpentry work. He has received instruction in making furniture but has not had the money to buy the machinery that he needs in order to make it. He wants to be able to make furniture to sell to his neighbors.

This is the first loan he has received from Fodecosure. He has not had previous loans through state banks, but Fudecosure has provided a loan that was more feasible and a much lower interest rate.
View original language description ↓
Digno tiene 69 años de edad, es casado, y vive con la esposa y una hija. El vive en santa marta. El crédito lo quiere para la compra de unas maquinas para trabajar en ebanistería. El a recibido cursos para hacer muebles pero no ha tenido el dinero para comprar las maquinas que necesita para hacer muebles él desea poder hacerlos los muebles y venderlos a los vecinos. 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 Costa Rica

  • $11,100
    Average annual income
  • 14
    View loans »
    Costa Rica Loans Fundraising
  • $4,065,825
    Funds lent in using Kiva
  • 499.3
    Costa Rica Colones (CRC) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $425 helped Digno to buy carpentry machinery in order to make furniture to sell.
35% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 4, 2013
Listed
Mar 30, 2013
Currency Exchange Loss:
Possible