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Luis Angel
Luis Ángel is 42 years old and in a civil marriage. He lives with his wife and children, who are his biggest priority. With this loan, he will buy an adequate cement mixer to use at work. This will increase the quality and quantity of his work, to boost his profits so he can continue investing in more equipment and tools.

This is his first loan through FUDECOSUR. Luis Ángel has never received any loans from the national banks. FUDECOSUR offers him this loan with better terms and a lower interest rate.
View original language description ↓
Luis Ángel, tiene la edad de 42 años, está en unión libre, vive con sus hijos y esposa, los cuales son su mayor prioridad. Con su crédito pretende hacer la compra de una batidora de cemente de un tamaño adecuado y que le facilite su trabajo y así poder aumentar su rendimiento y calidad de sus trabajos y tener ingresos económicos para seguir invirtiendo en la compra de más equipo y otras herramientas, y también lograr un mejor acabado en las construcciones, además de aumentar la cantidad y calidad. 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.

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About Costa Rica

  • $11,100
    Average annual income
  • 8
    View loans »
    Costa Rica Loans Fundraising
  • $3,979,500
    Funds lent in using Kiva
  • 504.0
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $600 helped Luis Angel to buy a cement mixer.
50% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 23, 2013
Listed
Aug 13, 2013
Currency Exchange Loss:
Possible