Check out some available loans that are similar to this one!
Rigoberto
Rigoberto is 25 years old. He lives in a partnership with his son and wife and they are his highest priority.

He intends to use his loan to buy wood, paint, zinc and other supplies, and in addition pay the laborers repairing his home, and in this way the structures will be protected a bit more from humidity. Mainly, so the wood will not let the water enter during the rainy season that’s almost here and thus give his family a better quality of life.

With this investment he intends to make improvements to his home so his family can have better wellbeing and take advantage of the low prices of some good quality materials. This is the first loan that he has received from Fudecosur. He has not had previous loans in state banks, but Fudecosur has made the process easier and the interest rate is much lower.
View original language description ↓
Rigoberto, tiene la edad de 25 años, está en unión libre, vive con su hijo y esposa, los cuales son mayor prioridad. Con su crédito pretende hacer la compra de madera, pintura, zinc y otros materiales, además de pagar mano de obra en la reparación a la vivienda, y de esta manera protegen un poco más las estructuras de la humedad, principalmente la madera que no tenga entradas de agua a la vivienda en el periodo de lluvia que ya casi inicia y así tener una mejor calidad de vida a su familia. Con esta compra pretende hacer una mejora de buena calidad a su casa y que su familia tenga un bienestar mejor y aprovechar precios bajos en algunos materiales y que son de buena calidad. 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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Costa Rica

  • $11,100
    Average annual income
  • 10
    View loans »
    Costa Rica Loans Fundraising
  • $4,111,850
    Funds lent in using Kiva
  • 500.2
    Costa Rica Colones (CRC) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $600 helped Rigoberto to improve his housing with the purchase of wood, paint, zinc and other supplies and to pay the laborers.
38% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 23, 2013
Listed
May 5, 2013
Currency Exchange Loss:
Possible