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Anaruth
Anaruth is 50 years old, a widow, and currently lives with her three children. She requires a loan to buy fertilizer for her coffee plants. Providing them with proper care will result in better production and increased income.

Anaruth hopes to provide her family with a better quality of life in the future and greater economic stability. She wishes to grow both as a person and as a coffee producer. This is her first loan with FUDECOSUR. She hasn’t had any loans with state banks but FUDECOSUR has offered her straightforward terms and a much lower interest rate.
View original language description ↓
Anaruth tiene la edad de 50 años, está viuda y vive con tres hijos actualmente. El crédito lo quiere para la compra de abono y dar asistencia a una plantación de café. 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.

About Costa Rica

  • $12,900
    Average annual income
  • 43
    View loans »
    Costa Rica Loans Fundraising
  • $4,434,250
    Funds lent in using Kiva
  • 504.0
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $400 helped Anaruth buy agricultural supplies.
42% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 16, 2013
Listed
Oct 1, 2013
Currency Exchange Loss:
Possible