Asdrúbal is a livestock middleman and has many years experience in this line of work. He wants to provide schooling for his son so that he will become a professional in some area and not have so many difficulties to attain this.
This is his first loan from FUDECOSUR. He has had prior loans in state banks, like the Bank of Costa Rica, but FUDECOSUR has provided the loan with easier terms and a much lower interest rate.
Es el primer préstamo que recibido de FUDECOSUR. El ha tenido antes otros préstamos en bancos estatales como el Banco de Costa Rica, pero FUDECOSUR le ha brindado el préstamo con mayores facilidades y la tasa de intereses mucho más baja.
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