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Lorena
Lorena is 29 years old, is single and lives with her two children. She needs a loan to buy fertilizer and protect her coffee plantation. She wants to provide adequate maintenance for her crops which will permit her to have better production and generate higher economic income. She hopes to provide her family with a higher quality of living and a more stable financial situation in the future. And she wants to continue to grow as a person and a producer. This is her first loan from FUDECOSUR. She has never had a loan from the State Banks. FUDECOSUR is offering her a loan with better conditions and much lower rates of interest.
View original language description ↓
Lorena tiene la edad de 29 años, está soltera y vive con dos 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

  • $11,100
    Average annual income
  • 25
    View loans »
    Costa Rica Loans Fundraising
  • $4,165,075
    Funds lent in using Kiva
  • 508.0
    Costa Rica Colones (CRC) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $400 helped Lorena to buy fertilizer and fumigants.
33% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 21, 2014
Listed
Feb 24, 2014
Currency Exchange Loss:
Possible