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Carlos
Carlos is 60 years old, is married, and lives with his son and wife, who are his number one priority. With this loan, he hopes to purchase some calves to fatten and bring to the proper weight. The idea is to take advantage of the pasture space that he has, and the good land and climate conditions, to be able to have these animals and later make a little profit by selling the fattened cattle for meat. With this purchase, he will be able to establish another line of work and also have savings that will allow him to have more and more animals and invest more in his plan for the property.

This is the first loan that he has received from Fudecosur. He hadn't ever received other loans from state banks, but Fudecosur has given him this loan more easily and with a much lower interest rate.
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Carlos, tiene la edad de 60 años, está casado, vive con su hijo y esposa que son su mayor prioridad. Con su crédito pretende hacer la compra de unos terneros para el engorde y con un desarrollo adecuado. 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 algo de ganancia en el desarrollo 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 y el proyecto. 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.

Tags

About Costa Rica

  • $11,100
    Average annual income
  • 25
    View loans »
    Costa Rica Loans Fundraising
  • $4,164,125
    Funds lent in using Kiva
  • 552.0
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $550 helped Carlos to purchase calves for fattening.
86% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 8, 2014
Listed
May 14, 2014
Currency Exchange Loss:
Possible