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Jorge
Jorge is 54 years old, married and lives with his wife. With the loan he wants to buy some pigs and pig feed for pig fattening. He already owns many pigs and he wants to feed them with this feed so they become fatter faster. He wants his animals to have the ideal weight in order to sell them later at the market of his town or in nearby places. He wants to generate more earnings for his well being and that of his parents, and be able to grow his project of raising pigs. It is the first loan he has received from FUDECOSUR. He had not had other loans from state banks before, but FUDECOSUR has given him the loan with better conditions and a much lower interest rate.
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Jorge, tiene la edad 54 de años, está casado y vive con la esposa. El pretende con el crédito realizar la compra de unos cerdos y el concentrado para el engorde de cerdos. El cuenta con varios cerdos a su poder y lo que pretende es darle alimentación con concentrado para su engorde más rápido. El quiere tener sus animales con el peso ideal para su posterior venta en el mercado de la localidad o lugares aledaños. El quiere generar la mayor cantidad de ganancias para su bienestar y la de sus padres y crecer con el proyecto de cría de cerdos. 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
  • 18
    View loans »
    Costa Rica Loans Fundraising
  • $4,065,825
    Funds lent in using Kiva
  • 552.0
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $925 helped Jorge to buy pigs and pig feed.
0% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 10, 2014
Listed
Apr 19, 2014
Currency Exchange Loss:
Possible