Blanca Flor is 44 years old, married, and lives with her husband. She wants to purchase fabric, thread, buttons, etc. for use at her home sewing shop. For several years, she has worked making all kinds of clothing, which she sells from her own shop, as well as door to door. She wants to expand and also would like her activity to become highly productive. This is the third loan she has received from FUDECOSUR. She hasn't received loans from state banks or credit unions, but FUDECOSUR granted her a loan with easier payment terms and their interest rate is much lower. She also wishes to improve her financial situation by increasing her shop's output, so that she can save for the future and also help her husband.
Blanca Flor, tiene la edad de 44 años, es casada y vive con su esposo. Ella quiere comprar, Telas, Hilos, botones…… para utilizar en su Taller de costura en su casa. Tiene varios años que se dedica a fabricar ropa de todo tipo, la cual vende en su propio taller y sale a vender casa por casa, quiere crecer y también desea que su actividad sea muy productiva. Es el tercer préstamo que ha recibido de FUDECOSUR. No ha realizado otros préstamos en bancos estatales o Cooperativas, pero FUDECOSUR le brindó el préstamo con mayores facilidades y la tasa de interés es mucho más baja. Ella también tiene el deseo de mejorar su situación económica poniendo a producir más el taller y poder hacer un ahorro para su futuro y también ayudarle a su esposo.
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.