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Maritza
Maritza is 50 years old, married, and lives with her children and husband. She will use the loan to buy coffee seeds and corresponding materials such as fertilizer, fumigation, and labor. She plans on buying the seeds to sew for this season on the family’s land and use her materials to maintain the crop to increase profits and gain a better quality life and financial stability. This will be her first loan with FUDECOSUR. She has never had a loan in a state bank but FUDECOSUR offered her a loan with more ease and much lower interest.
View original language description ↓
Maritza, tiene la edad de 50 años, está casado, vive con sus dos hijos y el esposa actualmente. Ella con el crédito pretende comprar almacigo de café y los insumos correspondientes como abonos y fumigaciones y ayudarse con la mano de obra. Ella tiene pensado comprar el almacigo para su posterior siembra en un terreno de la familia y con los insumos poder darle el mantenimiento adecuado y poder generar más ganancias y obtener una mejor calidad de vida y una estabilidad económica. 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

  • $11,100
    Average annual income
  • 7
    View loans »
    Costa Rica Loans Fundraising
  • $3,978,825
    Funds lent in using Kiva
  • 504.0
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,000 helped Maritza to buy coffee seeds and corresponding materials such as fertilizer, fumigation, and labor.
75% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 29, 2012
Listed
Jun 4, 2012
Currency Exchange Loss:
Possible