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Dominga
Dominga is 52 years-old, married and lives with her husband and two children. She wants the loan to purchase fertilizer and hire labor for a coffee plantation they want to start. She wants to provide proper maintenance to the crop so that it will produce more and she will have higher earnings.

She hopes to give her family a better quality of life and greater economic stability in the future. As well, she wants to be able to continue growing as a person and a producer. This is the first loan she has received from FUDECOSUR. She had never applied for other loans previously from state banks, however FUDECOSUR made this loan to her with greater ease and at a much lower interest rate.
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Dominga tiene la edad de 52 años, está casada y vive con el esposo y dos hijos actualmente. El crédito lo quiere para la compra de abono y dar asistencia a una plantación de café que quieren iniciar. Ella desea darle el adecuado mantenimiento al cultivo para que este le permita tener una mayor producción y así tener mayores ingresos económicos. Ella espera en un futuro brindarle a su familia una mejor calidad de vida y una mayor estabilidad económica, y de poder seguir creciendo como persona y como productora. 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.

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About Costa Rica

  • $11,100
    Average annual income
  • 0
    View loans »
    Costa Rica Loans Fundraising
  • $4,022,575
    Funds lent in using Kiva
  • 502.4
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Dominga to buy supplies.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 25, 2013
Listed
Jul 4, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014