Hellen has had appropriate terrain for cultivating and planting coffee trees for many years now. She wants to offer her children a better quality of life and, also, to make it easier for her husband to provide for the responsibilities of the home. Working together, Hellen and her husband Edgardo want to generate the largest possible earnings for their well-being and to continue ahead with her project.
This is Hellen's first loan through FUDECOSUR. Hellen and Edgardo have not had previous loans from state banks but FUDECOSUR has offered her this loan with all facilities and with 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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Success!! The loan was 100% repaid