Jose Francisco, who is 26 years old, lives with his common-law wife and their daughter. With this loan, he intends to buy concentrated feed to fatten up his pigs. He owns a herd of pigs and plans to feed them concentrated feed so that they fatten up faster. He wants his animals to reach the ideal weight for their subsequent sale in the local market or in neighboring communities. Jose Francisco wants to generate the maximum profit for his well-being and that of his family, and also to help expand his pig-raising project.
This is the first loan that he has received from FUDECOSUR. Previously, he did not have any other loans from state banks. However, FUDECOSUR has provided him with a loan under better terms and a much lower interest rate.
Jose Francisco, tiene la edad 26 de años, está en unión libre y vive con su conyugue e hija. El pretende con el crédito realizar la compra de alimento para el engorde de cerdos. El cuenta con cerdos a su poder y lo que pretende es darle alimentación con concentrado para su engorde más rápido. El quiere lograr que sus animales alcancen un peso ideal para su venta en el mercado de la localidad o lugares aledaños. El quiere generar la mayor cantidad de ganancias para su bienestar y la de su familia y crecer con el proyecto de cría de cerdos. 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.