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Errol
Errol is married and has a daughter but he lives separated from his family. With this loan, he will buy supplies to better stock his grocery store as well as supplies to use on his coffee plants. Errol plans to increase his earnings so he will be able to improve his financial situation and provide his daughter with a better future. He wants to give his daughter a good education so that she will be able to study a career that she enjoys.

Errol also hopes to improve personally by making his business more stable and increasing its presence in the community. This is his second loan from FUDECOSUR. Errol has never taken out any loans with national banks, but FUDECOSUR has offered him a loan with much better terms and a much lower interest rate.
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Errol, está casado, tiene una hija pero no vive con ellas. El con el crédito va compra abarrotes para surtir aun más su pequeño local y también para comprar insumos para la asistencia de su cafetal. El tiene pensado como meta lograr aumentar sus ganancias para su bienestar económica y brindarle un mejor futuro a su hija a la vez poder ofrecerle el estudio para que se supere y pueda ejercer una profesión a su gusto. El también espera superarse como persona y lograr mantener sus ideales con su negocio de llegar a ser un proyecto más firme en la comunidad. Es el segundo 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
  • 38
    View loans »
    Costa Rica Loans Fundraising
  • $4,168,700
    Funds lent in using Kiva
  • 503.1
    Costa Rica Colones (CRC) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,000 helped Errol to buy supplies for his coffee plants as well as groceries to stock his store.
99% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 18, 2013
Listed
Jun 20, 2013
Currency Exchange Loss:
Possible
Ended:
May 19, 2014