Florindo is 65, married, and lives with his son, wife and brother. He seeks this credit to buy a milking cow, to provide for the needs of his household. Any excess production will be sold, in order to provide modest income for his family. This is his first credit with FUDECOSUR, and he is pleased that this lender has given him favorable terms and a much lower interest rate than commercial or state banks.
Florindo, tiene la edad de 65 años, está casada, vive con su hijo, su esposa y un hermano. El pretende con el crédito realizar la compra de una vaca de leche. El quiere con esta compra generar la leche para el autoconsumo del hogar. El quiere con esto tener menos egresos y así poder generar más bienestar para su familia. El con la leche que no se consuma le venderá para así generar dinero para 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.