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Greivin
Greivin is single. He is 19 years old and currently lives with his siblings. With the loan he is going to buy a power scythe so he can work in clearing lots. He is currently unemployed, which is why he wants to start on this project so he can see how it goes. He has already finished his studies and wants to generate income so he can get ahead with tertiary study and emerge as a great professional. It is his hope to get on with his plans and have a better quality of life and academic training for his future. This is the first loan he has received from FUDECOSUR. He has previously had no other loans with state banks, but FUDECOSUR has offered him the loan with better terms and a much lower interest rate.
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Greivin, está soltero, tiene la edad de 19 años y vive con sus hermanos actualmente. El con el crédito va comprar una moto guaraña para trabajar en limpieza de lotes. El actualmente está desempleado por lo cual quiere iniciar en este proyecto para ver cómo le resulta. El ya termino sus estudios y quiere generar ingresos para salir adelante con los estudios universitarios y surgir como un gran profesional para el futuro. Es espera salir con sus planes y tener una mejor calidad de vida y formación académica para su futuro. 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
  • 25
    View loans »
    Costa Rica Loans Fundraising
  • $4,164,125
    Funds lent in using Kiva
  • 502.0
    Costa Rica Colones (CRC) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $600 helped Greivin to purchase a power scythe.
65% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 26, 2013
Listed
May 27, 2013
Currency Exchange Loss:
Possible