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Juan Carlos
Juan Carlos is married. He’s 34-years-old living with his wife and son who are his greatest priority. He will use the loan to make some improvements to his locale to set up a soda stand and also to buy merchandise and utensils he needs for the establishment. He’s thinking about opening a soda stand in very good condition in order to gradually increase his clientele. At the same time he wants to take advantage of the fact that he’s located across from a school and students generate very good sales. His goal is to increase profits to give his family belter quality of life in future.

This is the first loan he’s gotten from Fudecosur. He’s had no previous loans with state banks and Fudecosur offered the best terms and a much lower interest rate.
View original language description ↓
Juan Carlos, está casado, tiene la edad de 34 años y vive con su esposa y su hijo que son su mayor prioridad. El con el crédito va realizarle una mejora a su local para establecer una soda y también comprar mercadería y utensilios que le faltan para su establecimiento. El tiene pensado establecer su puesto de soda en muy buenas condiciones para así poder ir aumentando su clientela. A la vez también quiere aprovechar que se encuentra frente de un colegio y genera muchas ventas por los estudiantes. El tiene como meta aumentar sus ganancias y darle a su familia una mejor calidad en el futuro. 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
  • 12
    View loans »
    Costa Rica Loans Fundraising
  • $4,061,875
    Funds lent in using Kiva
  • 502.1
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $500 helped Juan Carlos to improve his stand's infrastructure and to buy merchandise.
33% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 22, 2013
Listed
Aug 22, 2013
Currency Exchange Loss:
Possible