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Cristobal
Cristobal, an entrepreneur, is 61 years old, married and lives with his wife and three children. He asked for a loan because he wants to buy chickens to fatten them up, with the goal of taking good care of them during their development until they reach an adequate weight. His only limitation is that he doesn't have enough money to keep growing, and he depends on this activity to get ahead.

For that reason he has asked for his first loan from FUDECOSUR. He has never had a loan from another institution, but FUDECOSUR gave him a loan more easily and with a much lower interest rate.
View original language description ↓
Cristobal, un hombre emprendedor , tiene 61 años de edad, es casado y vive con su esposa y tres hijos actualmente, el solicito un préstamo con el anhelo de comprar pollos de engorde, con la finalidad de mantenerlas en buenas condiciones durante su desarrollo, para que estos obtengan el peso adecuado , la única delimitación que este caballero tiene es la falta de dinero para continuar creciendo, ya que de esta actividad económica dependen para poder salir adelante, por lo que él hace una solicitud de crédito , y es el primer préstamo que ha recibido de FUDECOSUR. El no registra 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
  • 503.1
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $400 helped Cristobal to buy chickens.
66% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 18, 2013
Listed
Jun 20, 2013
Currency Exchange Loss:
Possible