Donald is 42 years old. He is married and lives with his wife and children, who are his biggest priority. With this loan, he intends on buying a dairy cow to produce milk. To support the animal he has pasture land in good condition to support a cow. The property has potable water to provide the animal with. What he wants is to ensure the purchase of a healthy cow with good milk production and adequate quality. This is his first loan he has received from FUDECOSUR. He hasn't had other loans from government banks before, but FUDECOSUR has offered him the loan with good conditions and a much lower rate of interest.
Donald, tiene la edad de 42 años, está casado, vive con sus hijos y esposa, los cuales son su mayor prioridad. Con su crédito pretende hacer la compra de una vaca para la producción de leche, para mantener al animal cuenta con un terreno de pasto, el cual cuenta con buenas condiciones para mantener a la vaca. La propiedad cuenta con agua potable para suministrarle al animal . Lo que quiere es poder asegurarse de comprar una vaca saludable y que tengan una buena producción de leche y de una calidad adecuada. Es el primer préstamo que he 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.