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Carlos Bolivar
Carlos Bolivar, at the age of 56, is a widower. He lives with his children, who are his number one priority. With his loan he hopes to be able to purchase a pregnant cow with a weaning calf. The idea is to take advantage of his pasture space, the favorable land and weather conditions to be able to keep these animals, and at the same time get milk to sell and raise calves to sell for meat in the future. With this purchase he will be able to develop one more source of income, and at the same time have a savings that will allow him to continue keeping more animals and investing further in the property. This is the first loan he has received through FUDECOSUR. He has not had other loans with state banks before, but FUDECOSUR has offered him the loan with better terms and a much lower interest rate.
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Carlos Bolivar, tiene la edad de 56 años, está viudo, vive con sus hijos que son su mayor prioridad. Con su crédito pretende hacer la compra de una vaca con una cría al destete y también se encuentra preñada. La idea es aprovechar el espacio que tiene de pasto y las buenas condiciones de terreno y clima para poder tener estos animales y a la vez obtener leche para la venta y desarrollar terneros para en el futuro venderlos para carne. Con esta compra podrá desarrollar una actividad más, y a la vez tener un ahorro que le permitirá ir teniendo más animales e invertir más en la propiedad. Es el primer préstamo que recibido de FUDECOSUR. Él 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
  • 11
    View loans »
    Costa Rica Loans Fundraising
  • $3,973,175
    Funds lent in using Kiva
  • 549.7
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $925 helped Carlos Bolivar to buy a cow for milk.
0% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 21, 2014
Listed
Apr 24, 2014
Currency Exchange Loss:
Possible