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Seidy
Seidy is 38 years old, married, and lives with her husband and two children. She plans to use her loan to buy supplies and a machine for getting rid of the weeds among her coffee plants. She will also pay laborers to help a little. Seidy plans to buy these supplies and the machine for keeping her coffee weed free so that her fertilizer will be more effective and her crops will be in excellent conditions. This will guarantee her a better yield and she will earn more profits. She will be able to enjoy a better quality of life and financial stability.

This is Seidy's first loan from FUDECOSUR. She hasn't received previous loans from state banks but FUDECOSUR have offered her this loan with more facilities and a much lower interest rate.
View original language description ↓
Seidy, tiene la edad de 38 años, está casada, vive con su esposo y dos hijos actualmente. Ella con el crédito pretende comprar insumos y además comprar una máquina para quitar la maleza del café y ayudarse un poco con la mano de obra. Ella tiene pensado comprar estos insumos y la máquina para mantener el café más limpio y que el abono tenga más efecto y así tenerlo en excelente estado y poder obtener una mejor producción y 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
  • 39
    View loans »
    Costa Rica Loans Fundraising
  • $4,168,700
    Funds lent in using Kiva
  • 498.0
    Costa Rica Colones (CRC) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,025 helped Seidy to buy supplies.
99% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 7, 2012
Listed
Jul 13, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2014