Gaudy Patricia is 18-years old. She is single and lives with her siblings and parents, who are her first priority. With her loan, Gaudy Patricia plans to purchase wood and other materials, as well as paying for labor, to make some repairs to her home. She wants to fix some areas where water comes into the house during the rainy season, which is approaching. Then her family can have a better quality of life. With the loan, Gaudy Patricia plans to make some good-quality improvements to her house so her family can have a better sense of well-being and also to take advantage of low prices on some good-quality materials. This the first loan that Gaudy Patricia has received from FUDECOSUR. She has not previously received any loans from state banks, but FUDECOSUR has offered her the loan with better terms and at a much lower interest rate.
Gaudy Patricia, tiene la edad de 18 años, está soltera, vive con sus hermanos y padres, los cuales son mayor prioridad. Con su crédito pretende hacer la compra de madera y materiales, además de pagar mano de obra en la reparación a la vivienda, y de esta manera eliminar algunas entradas de agua a la vivienda en el periodo de lluvia que ya casi inicia y así tener una mejor calidad de vida a su familia. Con esta compra pretende hacer una mejora de buena calidad a su casa y que su familia tenga un bienestar mejor y aprovechar precios bajos en algunos materiales y que son de buena calidad. Es el primer préstamo que recibido de FUDECOSUR. El 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.