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Allan
Allan is 30, single, and currently lives alone. He needs this loan for the purchase of livestock. When they are larger, he will sell them at a profit. His livestock business will help him to get ahead. He hopes that with this project his business will grow and he will achieve his goals in order to, in the future, provide his family with a better quality of life and economic stability.
This is his first loan from FUDECOSUR. He has not had other loans from state banks, but FUDECOSUR has offered him this loan with better options and much lower interest rates.
View original language description ↓
Allan tiene la edad de 30 años, es soltero y vive solo actualmente. 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 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.

About Costa Rica

  • $11,100
    Average annual income
  • 0
    View loans »
    Costa Rica Loans Fundraising
  • $4,023,725
    Funds lent in using Kiva
  • 552.1
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Allan to purchase livestock.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 4, 2014
Listed
May 14, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014