He wants the loan for his bean crops. The idea is to prepare the land for planting the beans and to give the crop adequate maintenance. This is so that they will be ready to harvest. Then he will be able to sell them and get better earnings.
This is his first loan with FUDECOSUR. He is very happy with the terms of the loan he got. Henry has several years of agricultural experience, especially with basic grains.
In the future he hopes to give his family a better quality of life and greater economic stability. He also hopes to be able to continue growing as a person and, above all, as a producer.
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.
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