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Jose
José, married, is 46 years old.

He wants a loan in order to buy livestock to fatten and when they are larger sell them at a profit. The livestock business will help him and his family to get ahead.

It is the first time that José has financed through Fudecosure, saying that the committee has helped a lot by providing many amenities. He hopes that through this project he grows and reaches his goals so he can in the future give his family a better quality of life and improved financial stability.

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 ↓
José tiene la edad de 46 años, es casado. El el crédito lo quiere para la compra de ganado de engorde y cuando estén grandes venderlos y obtener una ganancia. El negocio del ganado le ayudará a él y a su familia a salir adelante. Es la primera vez que José se financia con FUDECOSUR, ella manifiesta que el comité de crédito le ha ayudado mucho y le ha brindaron muchas facilidades. El espera que con este proyecto crezca y logre sus objetivos y así pueda en un futuro brindarle a su familia una mejor calidad de vida y una mejor estabilidad económica. 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

  • $12,900
    Average annual income
  • 21
    View loans »
    Costa Rica Loans Fundraising
  • $4,356,875
    Funds lent in using Kiva
  • 499.3
    Costa Rica Colones (CRC) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $825 helped Jose to buy livestock to fatten and sell.
99% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 4, 2013
Listed
Mar 30, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2015