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Alex Gerardo
Alex Gerardo, 25, is married and lives with his wife and son, who are his main priority. With this loan, he plans to purchase wood and material to make some improvements to his house and to pay for labor to do some repairs to the house. In this way, he can eliminate some areas where water is coming into the house during the rainy season that is just starting, enabling him to give his family a better quality of life. With this purchase, he plans to make some good quality improvement to his house, taking advantage of lower prices for some materials and getting better quality materials. This is the first loan that he has taken with FUDECOSUR. He hadn't taken loans before from the state banks, but FUDECOSUR is providing him with a loan with better payment terms and a much lower interest rate.
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Alex Gerardo, tiene la edad de 25 años, está casado, vive con su hijo y esposa, los cuales son mayor prioridad. Con su crédito pretende hacer la compra de madera y materiales que le ayuden a realizar mejoras en la vivienda y pagar mano de obra en la reparación a la vivienda, y de esta manera eliminar algunas entradas de agua a la vivienda en el periodo de lluvia que ya casi inicia y así poderle ofrecer una mejor calidad de vida a su familia. Con esta compra pretende hacer una mejora de buena calidad a su casa y que su familia mejoré su calidad de vida y aprovechar precios bajos en algunos materiales y que son de buena calidad. 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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Costa Rica

  • $12,900
    Average annual income
  • 0
    View loans »
    Costa Rica Loans Fundraising
  • $4,783,625
    Funds lent in using Kiva
  • 503.5
    Costa Rica Colones (CRC) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $800 helped Alex Gerardo to make some improvements to his house.
66% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Jul 16, 2013
Aug 8, 2013
Currency Exchange Loss: