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Carmen is 47 years old, married, and lives with her children who are her top priority. She will use the money from this loan to buy lumber and pay for labor to make repairs to her house. In this way she can be certain that the work is done well. She wants to buy the best quality materials so that her home ends up in a good state. After the repairs she expects to have a better place to live and have more ability to study and have a better income to be able to help her family in the future. This will be her first loan through FUDECOSUR. She has not had prior loans with established banks, but FUDECOSUR has provided her a loan with ease and at a much lower interest rate.
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Carmen, tiene la edad de 47 años, está casada, vive con sus hijos que son su mayor prioridad. El con su crédito pretende hacer la compra de madera y pagar mano de obra para la reparación de su casa, y de esta manera asegurarse de realizar un buen trabajo. Lo que quiere es poder comprar los mejores materiales y de buena calidad para que su casa quede en buen estado y así mejorar su calidad de vida. Con las mejoras a su vivienda espera tener un lugar más adecuado donde vivir y tener más liquidez para estudiar y en un futuro poder tener un ingreso mejor y ayudar más su familia. Es el primer préstamo que recibido de FUDECOSUR. El 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.


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

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Costa Rica

  • $12,900
    Average annual income
  • 11
    View loans »
    Costa Rica Loans Fundraising
  • $4,836,900
    Funds lent in using Kiva
  • 498.8
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Carmen to repair her home.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Nov 13, 2012
Dec 7, 2012
Currency Exchange Loss:
Dec 17, 2015