Giovanni is 34 years old, married, and has three children who are 8 years old, 4 years old and 7 months old. His children are his main priority. Giovanni would like to buy supplies and fertilizer for growing corn and beans. He has been working on his farm for some years and, with his children in mind, he would like to grow it further. This is the first loan that Giovanni has received from FUDECOSUR. He has taken previous loans from a cooperative but FUDECOSUR have offered him this loan with better terms and a much lower interest rate. He would like to provide his children with a better education so that they are prepared in the future and can face life more easily.
Giovanni, tiene la edad de 34 años, es casado, y tiene 3 hijos de 8 y 4 años y un bebé de 7 meses que son su mayor prioridad. El quiere comprar insumos y abono para maíz y frijoles. Tiene varios años que se dedica a su finca y quiere crecer mas pensando en sus hijos. Es el primer préstamo que ha recibido de FUDECOSUR. . También, ha realizado otros préstamos en una cooperativa pero FUDECOSUR le brindó el préstamo con mayores facilidades y la tasa de interés es mucho más baja. El también tiene el deseo de brindarle a sus hijos una mejor educación para que en el futuro sean personas preparadas y puedan enfrentar de manera más fácil la vida.
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.