He expects to use the loan to buy pigs to fatten and the food for their sustenance. He has a place where he will fatten them and take care of them. He wants to fatten them for the coming good season of high sales and very good prices for pork.
His goal is to generate the maximum earnings in order to give his children their daily sustenance and to be able to improve his standard of living and the well-being of his family.
This is the first loan he has received from FUDECOSUR. He has not had other previous loans in state banks. FUDECOSUR 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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