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Mayela
Mayela, age 52, is married and lives with her husband. She intends to use this loan to purchase clothing for her next sale. She has had this business for several days and wants to increase her earnings and sales. With the purchase of more clothing, she will be able to expand her customer base and provide better customer service. She will use this loan to generate the income to get ahead and help her husband with the household costs. This is the first loan that she has received from FUDECOSUR. She has no previous loans from state banks, but FUDECOSUR has provided her with a loan that is easier to access and has much lower interest rates.
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Mayela, tiene la edad de 52 años, está casada y vive con su esposo. Ella pretende con el crédito realiza la compra de ropa para su posterior venta. Ella tiene el negocio desde varios días atrás y lo que quiere es aumentar las ganancias y las ventas. Con la compra de mas ropa ella podrá aumentar su clientela y darles un mejor servicio a sus clientes. Ella pretende con esto generar las ganancias para salir adelante con el crédito y ayudarle al esposo con los gastos del hogar. Es el primer préstamo que recibido de FUDECOSUR. Ella 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
  • 503.1
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Mayela to purchase clothing for her next sale.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 20, 2011
Listed
Jul 19, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014