Check out some available loans that are similar to this one!
Ernesto
Ernesto is 67 years old and single. He is applying for this loan in order to buy young cattle which he will sell when they are full-grown to make a profit. The livestock business helps him to make a living.

This is the first time Ernesto takes a loan from FUDECOSUR, he states that the institution has helped him a lot and has provided him with many facilities. He hopes that this project will make him grow and achieve his goals so that he can have a better quality of life and more economic stability in the future. This is the first loan that he has received from FUDECOSUR. He has not received any previous loans from state banks, but FUDECOSUR has offered him a loan with more facility and much lower interest rate.
View original language description ↓
Ernesto tiene la edad de 67 años, está soltero. El crédito lo quiere para la compra de ganado de cría y cuando estén grandes venderlos y obtener una ganancia. El negocio del ganado le ayudará a el a salir adelante. Es la primera vez que Ernesto se financia con FUDECOSUR, el manifiesta que el comité de crédito le ha ayudado mucho y le ha brindaron muchas facilidades. El espera que con este proyecto crezca y logre sus objetivos y así pueda en un futuro tener una mejor calidad de vida y una mejor estabilidad económica. 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.

Tags

About Costa Rica

  • $11,100
    Average annual income
  • 10
    View loans »
    Costa Rica Loans Fundraising
  • $4,116,400
    Funds lent in using Kiva
  • 503.1
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,000 helped Ernesto to buy cattle.
36% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 18, 2013
Listed
Jun 20, 2013
Currency Exchange Loss:
Possible