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Annia
Annia is 27 years old. She is married and currently lives with her husband and son. Through the loan she hopes to buy supplies such as fertilizer and insecticide, and in turn, use them to help with labour. She hopes to keep her crops in good condition so they undergo less damage and production yield is not reduced. In this way her coffee crops can generate more earnings for her family.

She doesn't have enough money to buy these products as she has a low income and no other way of obtaining capital, so she is asking for a loan. It will be her first loan through FUDECOSUR. She hasn't taken out a loan before with state banks, but FUDECOSUR has made it easier for her to take out a loan with them and at a much lower rate of interest.
View original language description ↓
Annia tiene 27 años de edad, esta casada y vive con el esposo y un hijo 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
  • $4,438,125
    Funds lent in using Kiva
  • 499.4
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Annia to buy supplies.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 12, 2013
Listed
Mar 15, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 29, 2014