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Walter
Walter is 42 years old. He is married and lives with his wife and son. He wants the loan to repair his work vehicle. He needs to repair his work vehicle to be able to continue working and to support his family. Walk hopes to, in the future, offer his family a better quality of life and greater financial stability. And to keep working with his vehicle in good working order. This is the first loan that Walter has received from Fudecosur. He has never before taken a loan from a state bank, but Fudecosur has offered him a loan with better terms and a much lower interest rate.
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Walter tiene la edad de 42 años, está casado y vive con la esposa y un hijo. El crédito lo quiere para la reparación del carro de trabajo. El desea reparar el carro para poder continuar trabajando y poder seguir llevando el sustento a su familia. El espera en un futuro brindarle a su familia una mejor calidad de vida y una mayor estabilidad económica, y de poder seguir trabajando con el carro en buenas condiciones. 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
  • 9
    View loans »
    Costa Rica Loans Fundraising
  • $3,978,825
    Funds lent in using Kiva
  • 503.5
    Costa Rica Colones (CRC) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,000 helped Walter to fix his work vehicle.
33% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 13, 2013
Listed
Jun 16, 2013
Currency Exchange Loss:
Possible