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Jeison
Jeison is 29 years old. He is in a common law marriage and lives with his children and wife. They are his main priority. With the loan, he intends to buy equipment and tools to do masonry work. This will make it easier to do his work with better finishings, thus increasing the amount of work and taking advantage of the knowledge he has acquired in trainings. This will make him able to have the income to keep investing in buying tools and other products and do better finishings on the work he has done. With this purchase, he intends to increase demand with more varied designs, finishing orders in a short time. This is his first loan with FUDECOSUR. He hasn't had any loans with state banks, but FUDECOSUR has offered him a loan with more ease of payment and a much lower rate of interest.
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Jeison, tiene la edad de 29 años, está unión libre, vive con sus hijos y esposa, los cuales son su mayor prioridad. Con su crédito pretende hacer la compra de equipos y herramientas para realizar trabajos de albañil, las cuales le facilitará la elaboración del trabajo y con mejores acabados y así poder aumentar la cantidad del trabajo y aprovechar el conocimiento adquirido en capacitaciones y poder tener ingresos económicos para seguir invirtiendo en la compra de herramientas y otras productos, y también lograr un mejor acabado a los trabajos realizados. Con esta compra pretende aumentar la demanda y con diseños más variados y así cumplir con los contratos a corto plazo. 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
  • 38
    View loans »
    Costa Rica Loans Fundraising
  • $4,438,125
    Funds lent in using Kiva
  • 502.4
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,000 helped Jeison to do wood preparation.
81% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 20, 2013
Listed
May 31, 2013
Currency Exchange Loss:
Possible