Jimmy, 35, is single living with his parents. He intends to use the loan to invest in assistance for his coffee plants. He has a field planted with coffee and he will buy manure to obtain a better crop yield. He wants to attain a coffee plantation that produces a good harvest in order to sell high quality coffee. He wants to generate higher profits for his and his parents’ wellbeing as well as to grow with his coffee producing project.
This is his first Fudecosur loan. He’s had no previous loans from state banks but Fudecosur offered him the best terms and a much lower interest rate.
Jimmy, tiene la edad 35 de años, está soltero y vive con sus padres. El pretende con el crédito invertir en la asistencia de la plantación de café. El cuenta con un terreno sembrado de café e invertira en abonos para obtener una mejor cosecha. El quiere lograr que el cafetal de buena producción para vender un café de calidad. El quiere generar la mayor cantidad de ganancias para su bienestar y la de sus padres y crecer con el proyecto de la producción de café. 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.