Eli is 47 years old, married, and lives with his wife and children. He wants to use the money from this loan to buy two steers to fatten up. He has several steers and he wants to strengthen his business. He wants to have his animals at the ideal weight for later resale in the local market and more distant places. He wants to generate the greatest amount of income for his well-being and that of his parents and also grow his pig business. This will be his first loan through FUDECOSUR. He has not had any previous bank loans, but FUDECOSUR has granted him a loan with ease and a much lower interest rate.
Eli, tiene la edad 47de años, está casado y vive con sus tres hijos y la esposa. El pretende con el crédito realizar la compra de dos novillos para el engorde. El cuenta con varios novillos a su poder y lo que pretende es fortalecer el negocio. El quiere tener sus animales con el peso ideal 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 la de sus padres y crecer con le 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.