Duvin is 43 years old, married, and lives with his wife who is his highest priority. He intends to use this loan to buy supplies for maintaining his crop of corn. Duvin currently has a plot of land that does not belong to him. He rents the space and is now growing corn, but he needs to maintain this crop. Duvin wants more help with his crop so that he can generate the maximum yield at harvest time. By having a bountiful harvest, he will be able to sell his crops in town and earn a good income necessary to move forward and provide for his family’s welfare.
This is the first loan he has received from FUDECOSUR. Duvin has not had any other loans with the state banks. FUDECOSUR is providing this loan with better terms and a lower interest rate.
Duvin, tiene la edad de 43 años, está casado y vive con su esposa que es su mayor prioridad. El con el crédito pretende comprar los insumos para la asistencia de su siembra de maíz. El actualmente siembra en un terreno que no pertenece a el, es alquilado, y actualmente lo tiene sembrado de maíz por lo cual necesita asistirlo. El quiere con la asistencia generar la mayor ayuda necesaria a la plantación para obtener el máximo de rendimiento de cosecha. El con la cosecha generada la venderá al comercio de la localidad y así generar buenas divisas económicas para salir adelante con su bienestar económico y familiar. 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.