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Karina
Karina is 23 years old, married, and currently lives with her husband and two children. She intends to use this loan to buy supplies such as fertilizer and fumigants and in turn, to hire laborers. She plans to maintain her coffee plantations so they don’t suffer any damage or lose any production. This way, with her coffee-growing project, she can generate more income for her family.

Karina doesn’t have the capital, resources, or money needed for said purchases; that’s why she is requesting this loan. This is her first loan from Fudecosur. She hasn’t had any other loans from state banks before, but Fudecosur has offered her this loan with better terms and at a much lower interest rate.
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Karina tiene 23 años de edad, esta casada y vive con el esposo y dos hijos 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, 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

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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
  • 7
    View loans »
    Costa Rica Loans Fundraising
  • $3,979,500
    Funds lent in using Kiva
  • 504.0
    Costa Rica Colones (CRC) = $1 USD