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Maria
María is 43 years old, married, and has six children.

She wants a loan to buy livestock in order to sell them when they are grown for profit. The livestock business helps her and her family to get ahead.

It is the first time that María has borrowed through Fudecosur. She says that the credit committee has helped her a lot and has provided many amenities. She hopes that through the project she grows and achieves her goals so that in the future she can give her family a better quality of life and better financial stability.

This is the first loan she has received from Fodecosure. She has not had previous loans through state banks, but Fudecosure has provided a loan that was more feasible and a much lower interest rate.
View original language description ↓
María tiene la edad de 43 años, es casada y tiene seis hijos. Ella el crédito lo quiere para la compra de ganado de cría 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 María se financia con FUDECOSUR, ella manifiesta que el comité de crédito le ha ayudado mucho y 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
  • 54
    View loans »
    Costa Rica Loans Fundraising
  • $4,311,750
    Funds lent in using Kiva
  • 499.3
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $925 helped Maria to buy livestock to provide for her family.
66% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 4, 2013
Listed
Mar 30, 2013
Currency Exchange Loss:
Possible