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Luzmilda is 44 years old, married, and currently lives with her husband and three children. With this loan she will buy groceries, like rice, beans, oil and many more. She thinks to put her own grocery store business in the community. Their community is difficult to access and this will help her as well as the community.

She does not have the necessary capital for such an investment, which is why she is asking for a loan. This is the first loan she receives from Fudecosur. She has never gotten a loan from a state bank, but Fudecosur has been very helpful and given much lower interest rates.
View original language description ↓
Luzmilda tiene 44 años de edad, esta casada y vive con el esposo y tres hijos actualmente. Ella con crédito pretende comprar abarrotes como arroz, frijoles, aceite y muchos más. Ella piensa poner su propio negocio de venta de abarrotes ya que en la comunidad que ella vive es de difícil acceso y esta ayudara mucho a ella como a la comunidad. Ella no cuenta con el capital necesario para dicha inversión, 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……

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 Costa Rica

  • $12,900
    Average annual income
  • 1
    View loans »
    Costa Rica Loans Fundraising
  • $4,810,400
    Funds lent in using Kiva
  • 500.2
    Costa Rica Colones (CRC) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Luzmilda to buy groceries for sale.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Dec 7, 2012
Dec 18, 2012
Currency Exchange Loss:
Nov 29, 2014