Jorge Luis is 52 years old and married. He lives with his wife and three children who are his main priority in life. He plans to use this loan to care for his coffee plantation so that he can make better profits. He has a suitable plot of land for growing crops and it is already sown with coffee. He plans to add fertilizers and care for his crops so that he can obtain a better, higher yield and make the profits he needs to take care of his family's well-being.
This is Jorge Luis' first loan from FUDECOSUR. He has not received previous loans from state banks but FUDECOSUR have provided him this loan with better repayment facilities and a much lower interest rate.
Jorge Luis, tiene la edad de 52 años, está casado, el vive con su esposa y sus 3 hijos que son su mayor prioridad. El pretende con el crédito realizar la asistencia de su cafetal para así poder obtener mejores ganancias. El cuenta con el terreno apto para la explotación del cultivo y esta ya sembrado de café. El pretende abonarlo y asistirlo para así obtener mejores producciones más altas y generar las ganancias para el bienestar de su familia. Es el primer préstamo que recibido de FUDECOSUR. El 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.