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Erika
Erika P. P. is 34 years old, married, and lives with her three children who are her main priority. She plans to use her money to buy a sewing machine so that she can make clothes to sell. She plans, through this investment, to be able to provide a better finish to her garments and make them better quality. She has several years experience and has several customers who she would like to be able to provide with better work.

Erika would like to make more profits so that she can continue investing in her business in order to grow and provide her children with better conditions in the future.

This is the first loan that Erika has received from FUDECOSUR. She has not received any previous loans from state banks but FUDECOSUR has provided her this loan with better terms and a much lower interest rate.
View original language description ↓
Erika P. P., tiene la edad 34 años, está casada y vive con sus 3 hijos que son sus mayores prioridades. Ella pretende con el dinero realizar la compra de una máquina para costura y así elaborará ropa para la venta. Ella pretende con esta inversión dar trabajos con un mejor acabado y mayor calidad. Ella cuenta con varios años de experiencia y cuenta con varios clientes por lo cual quiere ofrecerles mejores trabajos. Ella quiere generar más ganancias para seguir invirtiendo en su negocio para crecer y darle a sus hijos mejores condiciones en el futuro.
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.

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

  • $12,900
    Average annual income
  • 39
    View loans »
    Costa Rica Loans Fundraising
  • $4,441,500
    Funds lent in using Kiva
  • 496.4
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Erika to buy a machine for making clothes.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 25, 2011
Listed
May 6, 2011
Currency Exchange Loss:
Possible
Ended:
May 17, 2014