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Olger
Olger, 32, is married and lives with his wife who is his top priority. With this loan he plans to buy tools and good quality construction equipment to meet his needs, which will help with his jobs and improve their quality. He will take advantage of the knowledge he has gained in trainings and will be able to make more money to continue investing in other tools and equipment and better accomplish his work. He will be able to improve the price and quality of his work.

With this purchase he plans to be able to do more construction with more varied designs and thus meet his short-term orders. This is his first loan from FUDECOSUR. He hasn't had loans from other institutions, but FUDECOSUR has given him a loan more easily and with a much lower interest rate.
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Olger, tiene la edad de 32 años, está casado, vive con su esposa la cual es su mayor prioridad. Con su crédito pretende hacer la compra de herramientas y equipo de construcción de buena calidad y que satisfaga la necesidad, las cuales le facilitará la elaboración de los trabajos y así poder mejorar la calidad de los mismos y aprovechar el conocimiento adquirido en capacitaciones y poder tener ingresos económicos para seguir invirtiendo en la compra de herramientas y otros equipos, y también lograr un mejor acabado a los trabajos, además de aumentar la oferta en trabajos y calidad. Con esta compra pretende hacer más contrucciones y con diseños más variados y así cumplir con los pedidos a corto plazo. 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
  • 56
    View loans »
    Costa Rica Loans Fundraising
  • $4,320,650
    Funds lent in using Kiva
  • 499.5
    Costa Rica Colones (CRC) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,025 helped Olger to buy tools.
34% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 6, 2014
Listed
Jan 23, 2014
Currency Exchange Loss:
Possible