Seidy is 49 years old, married and she lives with her husband and children, and a grandson. She plans on purchasing construction materials with her loan to build a store space in which to set up a tailoring shop. She owns sewing machines and what she plans to do is to set up a space where she can place her machines to be able to work. She wants to have a store pace to craft her projects to later resell in the market in her locality and to other places. She wants to generate more income for the sake of her well-being and that of her family. She wants to make her tailoring business grow. It is the first loan which she receives from Fudecosur (Kiva Field Partner). She has not had previous loans with other state banks but Fudecosur has provided her with a loan, including greater benefits and a much lower interest rate.
Seidy, tiene la edad 49 de años, está casada y vive con su esposo hijos y un nieto. Ella pretende con el crédito realizar la compra de materiales para la construcción de un local para poner una costureria. Ella cuenta con maquinas de coser a su poder y lo que pretende es construir un local par tener donde colocar las maquinas para trabajar. Ella quiere tener un local para hacer sus costuras para su posterior venta en el mercado de la localidad o lugares aledaños. Ella quiere generar la mayor cantidad de ganancias para su bienestar y la de su familia y crecer con le proyecto de costureria. Es el primer préstamo que ha 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.
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 fudecosur.org.