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Hernán, 50, lives with his wife and two children. His oldest son helps him to manufacture furniture. He intends to use the loan to buy tools and materials to make furniture like varnish, paint and sandpaper. He’s thinking about having more tools and more wood to be able to work more efficiently and quickly alongside his son in order to be able to do work for more people thus generating more profits and attaining a better quality of life and economic stability. This is his first Fudecosur loan. He’s had no previous loans from state banks and Fudecosur offered the best loan terms and a much lower interest rate.
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Hernán, tiene la edad de 50 años, está casado, vive con su esposa y dos hijos, el hijo mayor le ayuda en las labores de realizar muebles. El con el crédito pretende comprar herramientas y algunos utensilios para arreglar la madera como barnices, pinturas lijas. El tiene pensado tener más herramientas y más madera para trabajar de una forma más ágil y eficaz junto con su hijo y poder hacer más trabajos a mas personas y poder generar más ganancias y obtener una mejor calidad de vida y una estabilidad económica. Es el primer préstamo que recibido de FUDECOSUR. El 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.


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
  • 11
    View loans »
    Costa Rica Loans Fundraising
  • $4,836,900
    Funds lent in using Kiva
  • 498.0
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Hernan to buy carpentry tools.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Jul 19, 2012
Jul 13, 2012
Currency Exchange Loss:
Oct 17, 2015