He intends to use the loan to buy supplies for growing tomatoes. He has a piece of land that is suitable for growing tomatoes. He intends to invest in supplies like fertilizers and fungicides in order to get a better harvest. He wants to establish a tomato field that produces well in order to sell a quality product at the local market.
He wants to generate more income for the well-being of his life partner. He also wants to grow with his tomato plan.
This is the first loan he has received from FUDECOSUR. He has not had previous loan with state banks. FUDECOSUR has provided the loan with the best terms and a much lower interest rate.
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.
About FUDECOSUR: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.
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