Jorge Madrigal is 52 years old, married, and lives with his grandson and his wife. With the loan he intends to purchase some pigs to raise and furthermore make use of it to buy feed for the sustenance of these same pigs. He counts on the housing and the birth of more pigs to raise, and he already has two sows who are already fattened up. He wants to buy two more in order to produce more pigs to later sell them in the local market or in the surrounding area. He wants to generate the greatest amount of earnings for his well-being and that of his family, and to grow with his project of raising pigs. This is the first loan he has received from FUDECOSUR. He hadn't had other loans from state banks before, but FUDECOSUR has offered him the loan with greater ease and a much lower interest rate.
Jorge Madrigal, tiene la edad de 52 años, está casado y vive con el nieto y la esposa. El pretende con el crédito realizar la compra de unos cerdos de cría y además ayudarse con el concentrado para el mantenimiento de los mismos cerdos. El cuenta con las instalaciones y las parideras de los cerdos de cría y cuenta ya con dos chanchas de cría ya aumentadas. El quiere comprar dos más para así producir más cerdos para su posterior venta en el mercado de la localidad o lugares aledaños. El quiere generar la mayor cantidad de ganancias para su bienestar y el de la familia y crecer con el proyecto de cría de cerdos. 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.