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Virginia
Virginia is 58 years old, married, and lives with her husband. With the loan she is going to buy materials for making clothing. She has several years experience as a seamstress. She has several customers who commission work from her. She wants to serve them better and do good quality finished work. She also wants to generate more clientele so as to make more profits from her sewing.

This is the first loan she has received from FUDECOSUR. She had not had other loans from state-owned banks, and FUDECOSUR has offered her a loan more easily, and at a much lower interest rate.
View original language description ↓
Virginia, tiene la edad 58 de años, está casada y vive con su esposo. Ella con el crédito va comprar materiales para la confección de ropa. Ella cuenta con la experiencia como costurera desde hace varios años, ella cuenta con varios clientes que le encargan trabajos y quiere brindarles a ellos un mejor servicio y acabados de buena calidad. Ella también quiere generar más clientela para así obtener mayores ganancias de su proyecto de costura. 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

  • $11,100
    Average annual income
  • 25
    View loans »
    Costa Rica Loans Fundraising
  • $4,164,125
    Funds lent in using Kiva
  • 499.9
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Virginia to buy fabric and materials.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 6, 2011
Listed
Aug 13, 2011
Currency Exchange Loss:
Possible
Ended:
May 20, 2013