Jonathan is twenty-six, married, and lives with his wife and their two children, who are in school. With the loan, he wants to buy a fumigation pump for his coffee plantation. He wants to buy the pump in order to fumigate quicklier and more efficiently, and to waste less product. That way, he can keep the coffee plants in good condition and produce a bit more, in order to increase his earnings, have a better quality of life and be able to afford his children's education. This is his first loan with field partner Fudecosur. He never even took out a loan with a state bank: he turned to Fudecosur because of the much lower interest rates and the less strict granting conditions.
Jonathan, tiene la edad de 26 años, está casado, vive con su esposa y dos hijos, están en la escuela. El con el crédito pretende comprar una bomba de fumigar para la plantación de café. El tiene pensado comprar esta bomba para fumigar de una forma más rápida y que le rinda mas el producto y sea más efectivo y mantener el café en buen estado y poder producir un poco mas y poder generar más ganancias y obtener una mejor calidad de vida y poder pagar el estudio de los hijos. 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.