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Seidy María
Seidy María is 36 años, single, and has a daughter, who lives with her. Seidy María wants to expand her sewing workshop. She has various contracts, because her sales have increased. She has been in this business for some years. She wants to grow and meet the needs of her customers.

This is her first loan with FUDECOSUR. She has never received loans from state-owned banks or cooperatives, but FUDECOSUR made it easier for her to get a loan and the interest rate is much lower. She also wants to give her daughter a better quality of life and offer her the chance to study.
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Seidy María, tiene la edad de 36 años, es soltera y tiene una hija la cual vive con ella. Seidy María quiere ampliar su taller de costura, tiene varios contratos porque sus ventas han crecido. Tiene varios años que se dedica a esta actividad. Quiere crecer y también cubrir las necesidades de los clientes. Es el primer préstamo que ha recibido de FUDECOSUR. No ha realizado otros préstamos en bancos estatales o Cooperativas, pero FUDECOSUR le brindó el préstamo con mayores facilidades y la tasa de interés es mucho más baja. Ella también tiene el deseo de brindarle a su hija mejor calidad de vida y que pueda estudiar.

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
  • 38
    View loans »
    Costa Rica Loans Fundraising
  • $4,168,700
    Funds lent in using Kiva
  • 500.6
    Costa Rica Colones (CRC) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $600 helped Seidy María to expand her sewing workshop.
72% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 8, 2013
Listed
Feb 14, 2013
Currency Exchange Loss:
Possible