Yendry is 19 years old and is single. She currently lives with her parents. She intends to use the loan to buy supplies such as fertilizer and fumigants and to pay for some labor. She plans to prepare her seedbeds for planting later and so to produce a little more and to be able to generate a better income and get a better quality of life and economic stability to be able to help her parents. This is the first loan that she has had from FUDECOSUR. She has not had earlier loans from a state bank but FUDECOSUR has offered her the loan with better facilities and a much lower interest rate.
Yendry, tiene la edad de 19 años, está soltera, vive con sus padres actualmente. Ella con el crédito pretende comprar insumos como abonos y fumigaciones y ayudarse con la mano de obra. Ella tiene pensado asistir este almacigo para su posterior siembra y así poder producir un poco mas y poder generar más ganancias y obtener una mejor calidad de vida y una estabilidad económica y poder ayudar a sus padres. Es el primer préstamo que recibido de FUDECOSUR. Ella 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.