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Odili
Odili is 48 years old and lives with her husband and five children. She is seeking a loan with the aim of purchasing supplies such as fertilizer and fumigant. She needs these items in order to keep her coffee crops in good condition during the growing season.

The only barrier to obtaining a high-quality product is that she lacks funds to continue growing her crops. Her family depends on this economic activity in order to get ahead. Thus, she is seeking her first loan through FUDECOSUR. She has not taken other loans from state banks, but FUDECOSUR has brought her this loan opportunity with greater ease and at a much lower interest rate.
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Odili , tiene 48 años de edad, es casada y vive con su esposo y cinco hijos actualmente, ella solicito un préstamo con el anhelo de comprar insumos como abonos, y fumigantes, ella desea dar asistencia a los cultivos de café, con la finalidad de mantenerlas en buenas condiciones durante su desarrollo, para obtener un producto de buena calidad , la única delimitación que tiene es la falta de dinero para continuar creciendo, ya que de esta actividad económica dependen para poder salir adelante, por lo que élla hace una solicitud de crédito y es el primer préstamo que ha recibido de FUDECOSUR. Ella no registra 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
  • 7
    View loans »
    Costa Rica Loans Fundraising
  • $3,978,825
    Funds lent in using Kiva
  • 497.9
    Costa Rica Colones (CRC) = $1 USD