What he plans is to take advantage of the good weather conditions and the land that he has for this cultivation. He will also put into practice the experience he has in growing coffee. He will be able to buy the best products, better quality products, so that his crop develops well and is healthy. He will then have an adequate production in the short term.
This is the first loan that he has received from FUDECOSUR. He has not had other previous loans with state banks. FUDECOSUR has provided the loan with the best 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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Success!! The loan was 100% repaid