He has been a farmer for several years and wants to grow and generate more income. This is his first loan from FUDECOSUR. He has no problems with his property but does want it to become a productive farm generating more production.
He has had other loans with State-owned banks but FUDECOSUR offered him a loan with easier terms and a much lower interest rate.
His goals are to produce his own wellbeing as well as his wife’s while growing more each day as a farmer.
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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Success!! The loan was 100% repaid