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Hernán, who is 46 years old, is married and has three children who are his highest priority. He wants to purchase a bench saw, a jigsaw, a plane, and a router to use in a small workshop where he makes all kinds of furniture. He has done this work for several years and wants his business to grow. This is the first loan he has received from FUDECOSUR, and he has not had other loans at state banks either. FUDECOSUR offered him the loan with better terms and a much lower interest rate. Hernán wants to offer his children the education they need to be prepared and to be able to meet life's challenges more easily.
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Hernán, tiene la edad de 46 años, es casado y tiene tres hijos que son su mayor prioridad. Él quiere comprar una sierra de banco, una caladora , un cepillo, un ruther para usar en un pequeño taller donde fabrica todo tipo de muebles. Tiene varios años que se dedica a ésta actividad y quiere crecer. Es el primer préstamo que ha recibido de FUDECOSUR. También, él no ha realizado otros préstamos en bancos estatales. FUDECOSUR le brindó el préstamo con mayores facilidades y la tasa de interés es mucho más baja. Hernán también tiene el deseo de brindarle a sus hijos la educación necesaria para que sean en el futuro unas personas preparadas y puedan enfrentar de manera más fácil la vida.

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.


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

About Costa Rica

  • $12,900
    Average annual income
  • 2
    View loans »
    Costa Rica Loans Fundraising
  • $4,816,325
    Funds lent in using Kiva
  • 507.6
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Hernán to purchase tools for his carpentry workshop.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Sep 22, 2011
Sep 30, 2011
Currency Exchange Loss:
Oct 17, 2013