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Marta
Marta, 59, is married and has two children with her husband. She wants the loan to buy livestock to raise to expand the number of animals. She'll sell them when they're big and earn a profit. The livestock business will help her get ahead with her family.

This is her first financing from FUDECOSUR. She says the credit committee has made it easy for her.

She hopes she grows with this project and achieves her objectives so in the future she can give her family a better quality of life and greater economic stability.

This is the first loan she has received from FUDECOSUR. She had not had other loans previously from state banks, but FUDECOSUR has offered her a loan with better terms and a much lower interest rate.
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Marta tiene la edad de 59 años, es casada y tiene con los dos hijos y el esposo. Ella el crédito lo quiere para la compra de ganado de cría para aumentar el numero de ganado y cuando estén grandes venderlos y obtener una ganancia. El negocio del ganado le ayudará a ella y a su familia a salir adelante. Es la primera vez que se financia con FUDECOSUR, ella manifiesta que el comité de crédito le ha brindaron muchas facilidades. Ella espera que con este proyecto crezca y logre sus objetivos y así pueda en un futuro brindarle a su familia una mejor calidad de vida y una mejor 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
  • 8
    View loans »
    Costa Rica Loans Fundraising
  • $3,979,500
    Funds lent in using Kiva
  • 499.6
    Costa Rica Colones (CRC) = $1 USD