Miguel is 33 years old and in a live in relationship. He lives with his partner and children who are his top priority. He will use the money from this loan to buy steers that he will fatten up. He has the land on which to raise these animals and will be able to sell them quickly. He wants to maximize his earnings with these animals so that he can improve his quality of life and financial stability for his family’s well-being. This will be his first loan through FUDECOSUR. He has not had any previous conventional loans, but FUDECOSUR has provided the loan with ease and at a much lower interest rate.
Miguel, tiene la edad de 33 años, está en unión libre, vive con su esposa e hijos que son su mayor prioridad. El con el crédito pretende comprar terneros para su posterior engorde. El cuenta con un terreno apto para la explotación de estos animales y así poder sacarlos en un tiempo rápido para la venta. El con estos animales quiere generar el máximo de las ganancias a la hora de la venta para mejorar su nivel de vida y su estabilidad económica para su bienestar 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.