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Alvin
Alvin is 35 years old, he is married and lives with his wife and two children. He is requesting this loan in order to buy cattle and make a profit by selling them when they are fully grown. The cattle business will help him and his family get ahead in life. He expects this project to grow and that he will achieve his objectives, giving his family a better quality of life and improved financial stability in the future. This is the first loan that he has received through FUDECOSUR. He has not had other loans previously from state banks. However FUDECOSUR has given him this loan with better terms and a much lower interest rate.
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Alvín tiene la edad de 35 años, es casado y vive con la esposa y dos hijos. El crédito lo quiere para la compra de ganado y cuando estén grandes venderlos y obtener una ganancia. El negocio del ganado le ayudará a él y a su familia a salir adelante. El espera que con este proyecto crezca y logre sus objetivos y así pueda en un futuro brindarle a su familia 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.

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About Costa Rica

  • $11,100
    Average annual income
  • 15
    View loans »
    Costa Rica Loans Fundraising
  • $4,065,825
    Funds lent in using Kiva
  • 499.1
    Costa Rica Colones (CRC) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $825 helped Alvin to buy cattle.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 18, 2013
Listed
Oct 2, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014