Dominga is 49-years-old. She is married and lives with her son and her husband who are her top priority. She plans to use the loan to buy agricultural additives for growing coffee. She wants to improve her coffee plantation and replant the part that has fewer coffee plants. She wants to do this to obtain better production from her coffee plantation and thus generate greater profits for her family’s well-being. This is the first loan that she has received from FUDECOSUR. She hasn’t taken out any earlier loans with state-run banks, but FUDECOSUR has offered her the loan with great ease and a much lower interest rate.
Dominga, tiene la edad de 49 años, está casada, vive con su hijo y su esposo que son su mayor prioridad. Ella pretende con el crédito realizar la compra de los insumos para la siembra de su café. Ella quiere mejorar la plantación de su cafetal y repoblar la parte más escasa de café. Ella quiere con este obtener de su cafetal mejores producciones y así generar mayores ganancias para su bienestar familiar. 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.