Check out some available loans that are similar to this one!
Luis Miguel
Luis Miguel, age 18, is single and lives with his parents and brothers and sisters, who are his priority in life. With the loan he plans to buy a cow of good quality for producing milk. He will buy one which adapts well to the climate and type of fodder in his area and that can give birth to a good calf for further development. In this way he can increase milk production and the sale of calves to fatten. With the income gained, his plan is to keep investing in buying materials to improve the property, as well as increasing the quality and quantity of cows. With this loan he plans to do more.

This is the first loan Luis Miguel has receIved from FUDECOSUR. He has not had a loan from a state bank in the past, but FUDECOSUR is providing Luis Miguel the loan with better conditions and a much lower rate of interest.
View original language description ↓
Luis Miguel, tiene la edad de 18años, está soltero, vive con sus padres y hermanos, los cuales son su mayor prioridad. Con su crédito pretende hacer la compra de una vaca que tenga buenas características para la producción de leche y que se adapte bien a las condiciones de clima y tipo de pasto de la zona y que pueda tener una buena cría para el desarrollo y así tener un mejor ingreso en la producción de leche y la venta de terneros para engordar, con este ingresos económicos es para seguir invirtiendo en la compra de materiales para hacer mejoras en la propiedad, además de aumentar la cantidad y calidad de las vacas. Con esta compra pretende hacer más. Es el primer préstamo que ha recibido de FUDECOSUR. El no había tenido antes otros préstamos en bancos Estatales, pero FUDECOSUR le ha brindado el préstamo con mayores y la tasa de interés 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
  • 7
    View loans »
    Costa Rica Loans Fundraising
  • $3,978,825
    Funds lent in using Kiva
  • 541.8
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $925 helped Luis Miguel to buy a cow to produce milk and calves.
0% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 28, 2014
Listed
Sep 1, 2014
Currency Exchange Loss:
Possible