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Yendry
Yendry, 24, is married and currently lives with her husband and two children. With the loan she plans to buy supplies such as fertilizer and fumigants, as well as help pay for labor. She plans to maintain her coffee crops with special products and hire workers to help with the labor so the crop suffers no harm or loss. This way her coffee-producing project will be able to generate more profits to help her family.

She doesn't have the necessary capital for her purchase or for labor because she has a low income and no way to get the necessary money. This is why she requested a loan, and it's the first one she has received from FUDECOSUR. She had not had other loans before from state banks, but FUDECOSUR offered her a loan with better terms and a much lower interest rate.
View original language description ↓
Yendry tiene 24 años de edad, esta casada y vive con el esposo y dos hijos actualmente. Ella con crédito pretende comprar insumos como abonos, fumigantes, y a su vez ayudarse con la mano de obra. Ella piensa dar mantenimiento a las plantaciones, para que este no sufra ningún daño, y no se pierda la producción, y así con su proyecto cafetalero poder generar más ganancias para contribuir con su familia, ella no cuenta con el capital necesario para dicha compra, ni dichos contratos, ya que es de bajos recursos y no tiene como adquirir el dinero necesario para esto, por lo que el solicito un crédito, y es el primer préstamo que ha 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

  • $12,900
    Average annual income
  • 38
    View loans »
    Costa Rica Loans Fundraising
  • $4,441,500
    Funds lent in using Kiva
  • 499.4
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,025 helped Yendry to buy supplies.
66% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 18, 2012
Listed
Oct 31, 2012
Currency Exchange Loss:
Possible