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Oscar, 39 years old, is married and lives with his wife and children. They are his biggest priority. With this loan, Oscar hopes to buy good quality wood to make furniture. Additionally, he will buy some tools necessary for preparing and finishing the wood in order to make better quality furniture pieces that customers find more attractive.

With the resulting earnings from selling finished wood products, Oscar will continue investing in more wood and equipment, as well as make some improvements to the building he works in. He hopes to be able to pay for his children's education and help his family progress and obtain a better quality of life.

This is Oscar's first loan with FUDECOSUR. Although he has never borrowed from any national banks, FUDECOSUR has offered him this loan with good terms and much lower interest rates.
View original language description ↓
Oscar, tiene la edad de 39 años, está casado, vive con sus hijos y esposa que son su mayor prioridad. Con su crédito pretende hacer la compra de madera de buena calidad y que serba para la fabricación de muebles, además hacer la compra de unas herramientas para la preparación de la madera y así darle un acabado adecuado y que los muebles sean de mejor calidad y con terminado atractivo para los clientes. Además con las ganancias que pueda obtener con la venta de la madera procesada seguir invirtiendo en más madera y equipo y mejorar las instalaciones del local de trabajo, también de poder pagar los estudios de sus hijos y hacer que su familia progrese más y tener un mejor nivel de vida para toda su familia. 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.


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
  • 13
    View loans »
    Costa Rica Loans Fundraising
  • $4,836,900
    Funds lent in using Kiva
  • 509.4
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Oscar to buy better quality wood and equipment for preparation and finishing treatments.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Dec 3, 2012
Jan 1, 2013
Currency Exchange Loss:
Feb 24, 2016