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Magaly
Magaly Z. S., 26, is single and the mother of a two-year-old son, who is her first priority in life. She needs funding to buy a sewing machine to make articles of clothing of higher quality. This will allow her to produce better quality items and thus higher income. This is her first loan request with FUDECOSUR and she is very happy with the terms offered. Among her dreams is to make more clothes so that her business will gradually grow and produce higher profits. She also hopes to provide her son with a better quality of life.
View original language description ↓
Magaly Z. S., tiene la edad de 26 años, es soltera, y tiene un hijo que es su mayor prioridad. El hijo tiene 2 años. El crédito lo quiere para comprar una máquina de coser, y con ello confeccionar las prendas de vestir y hacer un trabajo de mayor calidad, todo esto le va a permitir tener una mayor calidad en sus productos y por ende aumentar sus ingresos económicos.Es la primera vez que realiza un crédito con FUDECOSUR y está muy contenta con las facilidades que se le dieron.
Entre sus sueños está el poder confeccionar más ropa para que poco a poco el negocio crezca, y así obtener mayores ganancias, ella también espera en un futuro brindarle a su hijo una mejor calidad de vida.

About FUDECOSUR:
The Foundation for the Development of Southern Communities is dedicated to economically empowering its clients by providing credit and capacitating programs to improve living conditions of micro-entrepreneurs and their children across Southern Costa Rica. You can obtain more information on FUDECOSUR from the website: FUDECOSUR.org

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.

About FUDECOSUR:

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 fudecosur.org.

About Costa Rica

  • $11,100
    Average annual income
  • 56
    View loans »
    Costa Rica Loans Fundraising
  • $4,320,650
    Funds lent in using Kiva
  • 547.0
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Magaly to buy a sewing machine.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 16, 2010
Listed
Jan 25, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2011