Jesús is 53 years old. He is single and currently lives with his mother. Jesús plans to use his loan to buy supplies such as fertilizers and sprays. He will also pay laborers. He plans to buy the aforementioned supplies, a machine for weeding among his coffee crops, and also some knives and spades, so that he can keep his crops in excellent conditions and do his work more nimbly and quickly. This will make him more profits and he will be able to attain a better quality of life and financial stability.
This is the first loan that Jesús has received from FUDECOSUR. He has not received previous loans from state banks but FUDECOSUR have offered him this loan with better terms and a much lower interest rate.
Jesús, tiene la edad de 53 años, está soltero, vive con su madre actualmente. El con el crédito pretende comprar insumos como abonos y fumigaciones y ayudarse con la mano de obra. El tiene pensado comprar todos estos insumos y además una máquina para limpiar el monte del café y unos cuchillos y palas para que se mantenga en excelentes condiciones y hacerlo de una forma más ágil y rápida y poder generar más ganancias y obtener una mejor calidad de vida y una estabilidad económica. 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.