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Ricardo is 46 years old, divorced and lives alone. He is requesting the loan to purchase dual-purpose cows to raise and milk. He wants to increase his animal count by a little so he has more possibilities to sell more milk. He has made a living cultivating basic grains, complemented by the livestock. This is his first loan with Kiva partner FUDECOSUR and he has not had other loans with state banks, but FUDECOSUR provides him with better terms and a much lower interest rate.
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Ricardo tiene 46 años de edad, es divorciado, el vive solo . El crédito lo quiere para la compra de vacas doble prosito, para cría y leche. El quiere aumentar un poco la cantidad de animales, para tener más posibilidad de vender más leche. El se ha dedicado con su familia al cultivo de granos básicos complementado con la ganadería. 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
  • 501.6
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Ricardo to purchase livestock.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Jan 22, 2013
Feb 7, 2013
Currency Exchange Loss:
Jul 17, 2014