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Maria Elena
María Elena is 50 years old, married, and lives with her husband and one son who studies. She would like this loan to buy a sewing machine to make underwear and sportswear. She is thinking of making a variety of clothing for later sale in the local market and surrounding areas, and she also plans to fix her neighbors' clothing in order to earn more money and obtain a better quality of life and economic stability. This is the first loan that she is receiving from FUDECOSUR. She has not previously had any loans with local banks, but FUDECOSUR has provided this loan with greater ease and a lower interest rate.
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María Elena, tiene la edad de 50 años, está casada, vive con su esposo y un hijo, de los cuales unos estudian. Ella con el crédito pretende comprar una máquina para coser y hacer ropa intima y un poco de ropa deportiva. Ella tiene pensado hacer variedad de ropa para su posterior venta en el mercado local y lugares aledaños y también arreglar ropa a los vecinos y así poder generar más ganancias y obtener una mejor calidad de vida y una estabilidad economica. 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.


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

About Costa Rica

  • $12,900
    Average annual income
  • 36
    View loans »
    Costa Rica Loans Fundraising
  • $4,443,750
    Funds lent in using Kiva
  • 498.7
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Maria Elena to buy a sewing machine.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Jul 12, 2012
Jul 14, 2012
Currency Exchange Loss:
Dec 17, 2014