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Carlos
Carlos is 48, married, and lives with his wife and children. With this loan, he plans to buy some machines for woodworking. He wants to buy these machines with the goal of making new styles of furniture and increasing his sales, thus generating more income for his family. He does not have the necessary capital for this purchase, since he has few resources and does not have a way to acquire the funds. For this reason, he is requesting a loan. This is his first loan with FUDECOSUR. He has not had previous loans from state banks, but FUDECOSUR has provided him a loan with the best simplicity and much lower interest rates.
View original language description ↓
Carlos tiene 48 años de edad, esta casado y vive con la esposa y cinco hijos actualmente. El con crédito pretende comprar unas maquinas para la ebanistería. El piensa comprar estas maquinas con el objetivo de hacer nuevos estilos de muebles y con ello aumentar las ventas y poder generar más ganancias para contribuir con su familia, el no cuenta con el capital necesario para dicha compra, ya que es de bajos recursos y no tiene como adquirir el dinero necesario para esto, por lo que el solicito un crédito, y es el primer préstamo que ha 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
  • 26
    View loans »
    Costa Rica Loans Fundraising
  • $4,365,675
    Funds lent in using Kiva
  • 497.5
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,025 helped Carlos to buy machines for furniture-making.
66% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 16, 2013
Listed
May 17, 2013
Currency Exchange Loss:
Possible