Yeimy, 21 years of age, is in a common-law marriage. She lives with her husband and son, who are her highest priority. With this loan she intends to carry out repairs to one part of her house, to prevent rainwater from entering and getting her belongings wet, damaging them to the point that they have to be replaced. What she intends is to take advantage of the good-quality offers on the market in this end-of-year season. With the improvements she plans, she wants to avoid more losses of belongings, and thus have a little saving for the increased well-being of her family. Thus they will spend December with greater peace of mind and begin 2013 with better living conditions and a more positive outlook. This is the first loan she has received from FUDECOSUR. She has not had other loans in the past from state banks, but FUDECOSUR provided the loan for her with better terms and a much lower interest rate.
Yeimy, tiene la edad de 21 años, está en unión libre, vive con su hijo y esposo, los cuales son su mayor prioridad. Con su crédito pretende hacer la reparación en una parte de la casa para evitar que el agua de lluvia se meta a la vivienda y moje las pertenencias y las deteriore al punto de tener que remplazarlas. Lo que pretende es aprovechar las ofertas que brinda el comercio en estas tiempos de fin de año y que son de buena calidad. Con las mejoras que pretende hacer quiere evitar la más pérdida de pertenencias y así tener un poco de ahorro para el mejor bienestar de su familia y pasar este Diciembre con más tranquilidad y comenzar el 2013 con mejores condiciones de vida y positivismo. Es el primer préstamo que recibido de FUDECOSUR. 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.
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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.