Erick Mauricio is 24 years old, is single and is currently living by himself. With the loan, Erick Mauricio plans to purchase supplies and pay his laborers. He has a small plot of land planted with coffee beans and the experience to move forward by strengthening his project. He wants to give his coffee plants some help to obtain more harvests this year. He wants to generate earnings for his own well being and to have a more secure financial future. This is Erick Mauricio's first loan with FUDECOSUR. He has never before received loans from any state banks, but FUDECOSUR easily offered him the loan at a much lower interest rate.
Erick Mauricio, tiene la edad de 24 años, está soltero y vive solo actualmente. El pretende con el crédito realizar la compra de insumos y el pago de la mano de obra. El cuenta con un pequeño terreno sembrado de café y con la experiencia para seguir adelante fortaleciendo el proyecto. El quiere darle a su cafetal una ayuda para así obtener mas cosechas este año. El quiere generar ganancias para su bienestar y tener un futuro más seguro económicamente. 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.