Greivin is 22 years old. He lives in a common law marriage and lives with his partner, his mother and one nephew. With this loan he wants to purchase inputs to improve his coffee fields. He has a plot of land that he planted with coffee and he wants to invest in paying for labor and in purchasing inputs such as fertilizers and fungicides to maintain his coffee and have a better harvest. He wants to establish a coffee plantation that generates income by growing coffee and selling a quality product. He wants to generate a greater amount of income for his well-being and for that of his family and to expand her coffee business.
This is his first loan that he has received from FUDECOSUR. Previously he had not received other loans from state-run banks, but FUDECOSUR granted him this loan with more ease and with a much lower interest rate.
Greivin, tiene la edad 22 de años, está en unión libre y vive con su cónyuge, la madre y un sobrino. El pretende con el crédito realizar la compra de insumos para la asistencia de café. El cuenta con un terreno sembrado de café y pretende invertir en el pago de mano de obra, compra de insumos como abonos, fungicidas para el mantenimiento del cafe y así obtener una mejor cosecha. El quiere implantar un cafetal que genere ganancias por medio de la producción y asi vender café de calidad. El quiere generar ganancias para su bienestar y la de su familia y crecer con el proyecto del 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.