Rodrigo is 56 years old, is married and lives with his 2 children and husband. What he wants is to buy materials to fertilize and pay for labor in his bean crops. Rodrigo has a good plot of land to grow these crops and has the experience necessary to be able to do it. As a goal, he wants this harvest to give him the profits necessary to improve his family’s well-being and to keep growing as a person and meet his goals in the long run. This is Rodrigo’s first loan and was received through FUDECOSUR. He hasn’t had any other loans in state banks but FUDECOSUR has given him the loan more easily and the interest rates are much lower.
Rodrigo, tiene la edad de 56 años, está casado y vive con sus 2 hijos y su esposo. El lo que pretende es realizar la compra de los insumos para su fertilización y pagar la mano de obra de la siembra del frijol. El cuenta con el terreno en buenas condiciones para la explotación de este cultivo y cuenta con la experiencia necesaria para poder desarrollarla. Tiene como meta poder generarle a esta cosecha que viene las ganancias necesarias para poder mejorar su bienestar familiar y seguir creciendo como persona y cumplir sus metas a largo plaza. Es el primer préstamo que recibido de FUDECOSUR. Ella no había tenido antes otros préstamos en bancos estatales, 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.
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.