Rigoberto, 45 years old, is married and lives with his wife and 2 children who are his top priority. With the loan, he aims to buy inputs for the care of his coffee. He plans on buying fertilizers and herbicides to improve planting. Now, his planting is in fair condition and what he wants is to improve his next harvest. His goal is to generate maximum profit by selling the crop in order to have a better quality of life and a stable financial future. This is the first loan he has received from FUDECOSUR. He has not had any previous loans from state banks, but FUDECOSURE has given him this loan with better facilities and a much lower interest rate.
Rigoberto, tiene la edad de 45 años, está casado y vive con su esposa y 2 hijos que son su mayor prioridad. El con el crédito pretende comprar los insumos para la asistencia de su cafetal, el tiene pensado comprar los abonos, herbicidas para mejorar su plantación. El actualmente cuenta con la plantación en condiciones regulares y lo que quiere es asistirla para mejorar su próxima cosecha. El tiene como meta generar el máximo de ganancias vendiendo la cosecha para así tener una mejor calidad de vida y una estabilidad económica de su futuro.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.