Álvaro, 35 years old, is married and lives with his wife who is his greatest priority. With the loan he hopes to purchase spare parts to repair his motorcycle. He wants to be able to buy the best parts that are good quality so that his motorcycle doesn't break down in the short run. In this way he can carry out his work more adequately and efficiently. It's the first loan that he has received from Fudecosur. He has not had previous loans with state banks in the past, but Fudecosur has given him the loan with greater ease and the interest rate is much lower.
Álvaro, tiene la edad de 35 años, está casado, vive con su esposa que es su mayor prioridad. El con su crédito pretende hacer la compra repuestos para realizar la reparación de su motocicleta. Lo que quiere es poder comprar las mejores repuestos y de buena calidad para que su motocicleta no le dé desperfectos a corto plazo y así poder cumplir con su trabajo de una forma más adecuada y eficiente. 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.