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Luis
Luis is 59 years old, married, and lives with his wife and one child. With his loan, he aims to buy two cows. He hopes to obtain milk and cheese to then sell, and to breed them to have calves, so that he can gradually continue to grow his project and in this way, improve his family's living conditions and achieve some aims.

This is his first loan from FUDECOSUR. He has never had a loan from a state bank before, but FUDECOSUR has given him a loan with better features and a much lower interest rate.
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Luis, tiene la edad de 59 años, está casado y vive con la esposa y un hijo. Con su crédito pretende hacer la compra de dos vacas. El pretende obtener leche,queso, para su posterior venta y ademas poder sacar cria de las mismas y poder seguir creciendo poco a poco con el proyecto y así mejorar las condiciones de vida de la 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.

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About Costa Rica

  • $11,100
    Average annual income
  • 7
    View loans »
    Costa Rica Loans Fundraising
  • $3,978,825
    Funds lent in using Kiva
  • 539.9
    Costa Rica Colones (CRC) = $1 USD