He intends to buy all these supplies, as well as the machine for spraying the coffee, so that it can be kept in excellent condition, and so that he can do his work more quickly and easily. This way he will be able to generate more profit, and obtain a better quality of life and economic stability.
This is the first loan he has received from Fudecosur. He had not had other loans before from regular banks, but Fudecosur has offered him the loan with easier terms and at 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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