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Libier
Libier lives in a common law relationship. He’s 31-years-old living with his wife and son. He intends to use the loan to buy pigs to fatten up and then sell. He hopes with this new project to have them ready for sale quickly to take advantage of the current good market price. His goal is to generate the highest possible profits to get ahead with his loan payments and improve his home stability. This is his first Fudecosur loan. He’s had no previous loans from state banks and Fudecosur offered the best terms and a much lower interest rate.
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Libier, está en unión libre, tiene la edad 31 años y vive con su esposa e hijo. El con el crédito pretende comprar cerdos para el engorde de ellos luego venderlos. El espera con este nuevo proyecto poder tenerlos rápido para la venta y aprovechar el buen precio del mercado actualmente. El tiene como meta poder generarle el máximo de las ganancias para salir adelante con los pagos de su crédito y mejorar la estabilidad de su hogar. 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
  • 17
    View loans »
    Costa Rica Loans Fundraising
  • $4,065,825
    Funds lent in using Kiva
  • 503.1
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $500 helped Libier to buy pigs to fatten up.
33% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 18, 2013
Listed
Jun 20, 2013
Currency Exchange Loss:
Possible