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Nelson
Nelson is 40 years old, single and lives with his three children who are his priority in life. With the loan money he hopes to buy some bullocks to raise. He will fatten them for about eight months, sell them, and buy some more young ones, thus growing his business. Then he can improve the standard of living of his family and reach some of his goals.

This is Nelson's first loan with FUDECOSUR. He hasn't had any loans with state banks, but FUDECOSUR has offered him better terms and much lower interest rates.
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Nelson, tiene la edad de 40 años, está soltero, vive con tres hijos que son su mayor prioridad. Con su crédito pretende hacer la compra de unos novillos de engorde. El pretende cuidarlos durante unos 8 meses para su posterior venta y luego volver a comprar y poder seguir creciendo con el negocio de ganado de engorde y así mejorar las condiciones de vida de su familia y también cumplir algunas metas. 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

  • $12,900
    Average annual income
  • 20
    View loans »
    Costa Rica Loans Fundraising
  • $4,362,250
    Funds lent in using Kiva
  • 539.9
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $775 helped Nelson buy some bullocks.
1% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 14, 2014
Listed
Aug 9, 2014
Currency Exchange Loss:
Possible