Genaro is 73 years old. He is married and lives with his wife currently. With the loan, he intends to buy some pigs to fatten. He already has three and he intends to bolster his business. He intends to buy concentrate and pigs for fattening later and then sell in his local market and in surrounding areas and obtain more income and a better quality of life and economic stability. This is the first loan he has received from Fudecosur. He has not had other loans before from state banks but Fudecosur has provided the loan with greater ease and a lower interest rate.
Genaro, tiene la edad de 73 años, está casado, vive con su esposa actualmente. El con el crédito pretende comprar unos cerdos de engorde el ya cuenta con tres en su poder y lo que pretende es reforzar el negocio. El tiene pensado comprar concentrado y unos cerdos para su posterior engorde y posterior venta en el mercado local y en lugares aledaños y así obtener más ganancias y 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.