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Ramiro, 42, is married and has a daughter, and his family is his main priority. He plans to use the loan to buy a pregnant dairy cow who also has a weaned calf. The idea is to take advantage of the pasture and good climate conditions he has to raise this type of animals. He also wants to obtain better milk for his family and raise calves to sell in the future.

With this purchase he will be able to grow his business and also have enough savings to buy more animals and more property. This is his first loan through FUDECOSDUR. He has never had any state bank loans and FUDECOSUR is offering him better loan tems and a much lower interest rate.
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Ramiro, tiene la edad de 42 años, está casado, vive con su hija y esposa que son su mayor prioridad. Con su crédito pretende hacer la compra de una vaca con una cría al destete y también se encuentra preñada. La idea es aprovechar el espacio que tiene de pasto y las buenas condiciones de terreno y clima para poder tener estos animales y a la vez obtener algo de leche para su familia y desarrollar terneros para en el futuro venderlos para carne. Con esta compra podrá desarrollar una actividad más, y a la vez tener un ahorro que le permitirá ir teniendo más animales e invertir más en la propiedad. 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
  • 0
    View loans »
    Costa Rica Loans Fundraising
  • $4,783,625
    Funds lent in using Kiva
  • 501.8
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Ramiro to buy a dairy cow.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
May 28, 2013
Jun 21, 2013
Currency Exchange Loss:
Feb 19, 2014