Vicelino V. H. is 81 years old, widowed, and has a son who is 36 years old. The loan he needs is to buy materials and remodel his pig sty. In addition, he will buy some pigs to raise. He hopes to provide appropriate maintenance to the pigs so that he can have a better income when he sells them. This is the first time that he has taken a loan with FUDECOSUR, and he is very satisfied with the payment terms that they provide. Don Vincelino has been raising pigs for a number of years. In the future he hopes to provide his family with a better quality of life and better economic stability, and to be able to continue to grow as a person and as a producer.
Vicelino V. H., tiene la edad de 81 años, es viudo y tiene 1 hijo de 36 años de edad. El crédito lo quiere para comprar materiales y remodelar la porqueriza, además, de comprar algunos cerdos para la cría. La idea es darle el adecuado mantenimiento a los cerdos para obtener el mayor ingreso posible cuando se vendan. Es la primera vez que realiza un crédito con FUDECOSUR y está muy contenta con las facilidades que se le brindaron. Don Vicelino tiene varios años en este negocio de cría de cerdos. El 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 productor.
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 fudecosur.org.