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Alexis
Alexis is 67 years old and married. He lives with his wife, who's his main priority. With his loan he intends to purchase a calf so that he can raise it and sell it for butchering. The idea is to make good use of the space he has for pasture, which is well developed, and of the good conditions of the soil and the weather. That way he'll be able to have the animal and raise a good calf in order to sell it for butchering later on. With this purchase he'll start another line of work and save some money at the same time, which will allow him to gradually have more animals and invest more in his land. This is the first loan he has received from FUDECOSUR. He hasn't had other loans with state banks before, but FUDECOSUR has provided the loan with easier repayment terms and a much lower interest rate.
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Alexis, tiene la edad de 67 años, está casado, vive con su esposa que es su mayor prioridad. Con su crédito pretende hacer la compra de un ternero para darle desarrollo y poderlo vender para carne. La idea es aprovechar el espacio que tiene de pasto con un buen desarrollo y las buenas condiciones de terreno y clima para poder tener el animal y desarrollar un buen ternero para en el futuro venderlo para carne. Con esta compra podrá desarrollar una actividad más, y a la vez tener un ahorro que le permitirá ir teniendo más animales e invertir más en la propiedad. Es el primer préstamo que recibido de FUDECOSUR. Él 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
  • 12
    View loans »
    Costa Rica Loans Fundraising
  • $4,059,650
    Funds lent in using Kiva
  • 502.4
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $400 helped Alexis to purchase a calf.
50% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 24, 2013
Listed
Jul 3, 2013
Currency Exchange Loss:
Possible