Hi will put this loan towards fertilizers and pesticides for his coffee plantation, in order to obtain better results. He can count on his plantation under regular conditions, but he wants to assist it this coming harvest season so that it yields a more efficient coffee production.
His goal is to generate enough profit for his family's well-being and to have a better and more financially stable future every day.
This is the first loan he receives from FUDECOSUR. He had never received other loans from state banks, but FUDECOSUR offered him the loan under easier terms and a much lower interest rate.
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.
About FUDECOSUR: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.
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