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Yorleny
Yorlenny is 39 years old, married and lives with her children and husband, who are her greatest priority. With her loan she plans on buying two cows that are well-suited for milk production and have had at least one calf. This will make sure that they give a good amount of milk every day. Her idea is to take advantage of the grassy space that she has and the good condition of the land and also the good climate so as to be able to have these animals and also get milk from them. She also hopes to raise the male calves for meat and the females for milk (if they have the traits needed for milk cows).

With this purchase, she will be able to develop her business activity and at the same time save some money that will allow her to have more animals and invest more in her property. This is the first loan that she has received from Fudecosur. She hasn't gotten loans from other communal banks, but Fudecosur has offered her a loan with greater ease and a much lower interest rate.
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Yorlenny, tiene la edad de 39 años, está casado, vive con sus hijos y esposa que son su mayor prioridad. Con su crédito pretende hacer la compra dos vacas con buenas características para la producción de leche y que estén al menos de primer parto para asegurar que den una cantidad de leche diaria aceptable. 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 leche y desarrollar los terneros para en el futuro venderlos para carne y las hembras dejarlas para la producción de leche siempre y cuando cuenten con buenas características para la producción de leche. Con esta compra podrá desarrollar más la actividad, 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

  • $12,900
    Average annual income
  • 23
    View loans »
    Costa Rica Loans Fundraising
  • $4,356,875
    Funds lent in using Kiva
  • 499.4
    Costa Rica Colones (CRC) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,025 helped Yorleny buy milk cows.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 13, 2013
Listed
Apr 5, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014