He wants the loan to help with his farm. He wants it specifically to help with his coffee crop. The idea is to buy natural and chemical fertilizer to provide adequate maintenance on his coffee crops. That way he will get a better quality and greater income at harvest time. He will also use the loan to pay for the labor.
This is his first loan with FUDECOSUR, and he is very happy with the terms of the loan. Guillermo has done farming work for several years. In the future he hopes to give his family a better quality of life and greater economic stability. He also wants to be able to keep growing as a person and 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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